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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.
Both studies — and many others like them — found that at least one-third of the country now has a negative view of capitalism, with the youngest Americans ages 24 and under either evenly split ...
This article lists forms of government and political systems, which are not mutually exclusive, and often have much overlap. [1] According to Yale professor Juan José Linz there are three main types of political systems today: democracies, totalitarian regimes and, sitting between these two, authoritarian regimes with hybrid regimes.
Finance capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. In their critique of capitalism, Marxism and Leninism both emphasise the role of finance capital as the determining and ruling-class interest in capitalist society, particularly in the latter stages. [149] [150]
Here’s how Varoufakis broke down his own journey to realizing that capitalism died without (almost) anyone realizing it, how it has especially “poisoned” Gen Z, how the Fortune 500 is in ...
On its release day, February 21, It's OK to be Angry About Capitalism topped Amazon's best-seller list in the U.S. national government, political economy, and economic conditions categories. [5] According to The Sydney Morning Herald, the book is a "damning indictment of the past 40 years of largely unfettered, neoliberal capitalism". [24]