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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.
The Pyramid of Capitalist System is a common name of a 1911 American cartoon caricature critical of capitalism, copied from a Russian flyer of c. 1901. [1] [2] The graphic focus is on stratification by social class and economic inequality. [3] [4] The work has been described as "famous", [5] "well-known and widely reproduced". [3]
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Created Date: 8/30/2012 4:52:52 PM
[4] [5] Anarchism is generally defined as the libertarian philosophy which holds the state to be undesirable, unnecessary and harmful [6] [7] as well as opposing authoritarianism, illegitimate authority and hierarchical organization in the conduct of human relations.
They control 5.5% of the global financial wealth. 5,000 of them live in the US, followed by China, Britain, and Germany. BCG expects the trend toward more concentrated wealth to continue unabated. While the financial wealth of the sub-millionaires is expected to increase by 3.7% annually until 2019, the expected growth rate for the super-rich ...
Written as a result of a poll by P.I.G. readers [3] that stated a book on economics, The Politically Incorrect Guide to Capitalism aims to refute what it sees as common misconceptions resulting from Keynesian economics about what capitalism actually is.
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as: Early / monopoly / state monopoly capitalism ; Free trade / monopoly / finance capitalism