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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.
When in the 20th century several economists began to formulate a form of radical American libertarianism known as anarcho-capitalism, this has met resistance from those who hold that capitalism is inherently oppressive or statist and many anarchists and scholars do not consider anarcho-capitalism to properly cohere with the spirit, principles ...
This is a partial list of symbols and labels used by political parties, groups or movements around the world. Some symbols are associated with one or more worldwide ideologies and used by many parties that support a particular ideology.
A politically unstable and kleptocratic government that economically depends upon the exports of a limited resource (fruits, minerals), and usually features a society composed of stratified social classes, such as a great, impoverished ergatocracy and a ruling plutocracy, composed of the aristocracy of business, politics, and the military. [32]
Impossibilism is a Marxist theory that stresses the limited value of political, economic, and social reforms under capitalism. As a doctrine, impossibilism views the pursuit of such reforms as counterproductive to the goal of achieving socialism as they stabilize, and therefore strengthen, support for capitalism.
Schumpeter answers "no" in the prologue to this section. But he says, “If a doctor predicts that his patient will die presently,” he wrote, “this does not mean that he desires it.” The section consists of 100 pages with the following ten topics: The Rate of Increase of Total Output; Plausible Capitalism; The Process of Creative Destruction
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 ...
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