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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.
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 ...
Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite). In a kleptocracy, corrupt politicians enrich themselves secretly outside the rule of law , through kickbacks , bribes , and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates .
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 ...
Capitalism vs. Socialism: Free Market vs. Government Distribution. ... a world where just about anyone can buy just about anything online and expect it to arrive at their doorstep in a day or two ...
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We could witness the demise of capitalism in the U.S. in 2024 — according to the latest series of ‘Outrageous Predictions’ published by Danish investment bank Saxo. This bold call — not an ...
Schumpeter devotes the first 56 pages of the book to an analysis of Marxian thought and the place within it for entrepreneurs. Noteworthy is the way that Schumpeter points out the difference between the capitalist and the entrepreneur, a distinction that he claims Karl Marx would have been better served to have made (p. 52).