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The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. [3] [4] Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism.
He argued that capitalism's collapse from within will come about as majorities vote for the creation of a welfare state and place restrictions upon entrepreneurship that will burden and eventually destroy the capitalist structure. Schumpeter emphasizes throughout this book that he is analyzing trends, not engaging in political advocacy (more ...
However, the first person to use the term anarcho-capitalism was Murray Rothbard, [89] who synthesized in the mid-20th century elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists Benjamin Tucker and Lysander Spooner while rejecting their labor theory of value and the norms they derived from ...
The oldest Gen Zers were born in 1997 during a frenzy of capitalistic activity that gave rise to the tech titans who would become the Fords and Rockefellers of their day.
For Amazon, Google, Facebook and all of what he calls “cloud capitalists,” there is no conversation of economic exchange that isn’t mediated by the algorithm, “which is owned by one man ...
When it comes to Amazon's October Prime Day sale, ... That warrants dubbing it one of the top Prime Day deals to know about this year. $82 at Amazon. Amazon. Amazon Fire TV 50" 4-Series Smart TV.
A semi-presidential republic is a government system with power divided between a president as head of state and a prime minister as head of government, used in countries like France, Portugal, and Egypt. The president, elected by the people, symbolizes national unity and foreign policy while the prime minister is appointed by the president or ...
When former White House press secretary Sean Spicer accused her of "using capitalism to push socialism" in a tweet, she tweeted back the same definition of capitalism that she used with Yahoo Finance.