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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.
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]
Crony capitalism, sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. [1]
The ever-growing pie of capitalism gave birth to the modern industrial global economy since its rise from a local European phenomenon in the 16th century, according to Vanderbilt University.
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 ...
Karl Marx's three volume Capital: A Critique of Political Economy is widely regarded as one of the greatest written critiques of capitalism. [citation needed]Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. [1]
The Transitional Program, originally titled The Death Agony of Capitalism and the Tasks of the Fourth International and later reprinted under the title, The Transitional Program and the Struggle for Socialism, [1] is a political platform adopted by the 1938 founding congress of the Fourth International, the international Leninist organization founded by Leon Trotsky.
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power is a 2019 non-fiction book by Shoshana Zuboff which looks at the development of digital companies like Google and Amazon, and suggests that their business models represent a new form of capitalist accumulation that she calls "surveillance capitalism ...