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Imperialism is the state policy, practice, or advocacy of extending power and dominion, especially by direct territorial acquisition or by gaining political and economic control of other territories and peoples. Because it always involves the use of power, whether military or economic or some subtler form, imperialism has often been considered ...
- International Organization
international organization, institution drawing membership...
- Monopoly and Competition
monopoly and competition, basic factors in the structure of...
- Balance of Power
balance of power, in international relations, the posture...
- Niccolo Machiavelli
Niccolò Machiavelli (born May 3, 1469, Florence [Italy]—died...
- Collective Security
Collective security, system by which states have attempted...
- Neocolonialism
neocolonialism, the control of less-developed countries by...
- Expansionism
Other articles where expansionism is discussed:...
- Home Rule
home rule, limited autonomy or self-government granted by a...
- International Organization
- What Is Capitalism?
- Understanding Capitalism
- Capitalism and The Profit Motive
- Precursors to Capitalism: Feudalism and Mercantilism
- Pros and Cons of Capitalism
- Capitalism vs. Socialism
- Varieties of Capitalism
- The Bottom Line
Capitalism is an economic system in which private individuals or businesses own capital goods. At the same time, business owners employ workers who receive only wages; labor doesn't own the means of production but instead uses them on behalf of the owners of capital. The production of goods and services under capitalism is based on supply and deman...
Capitalism is one type of system of economic production and resource distribution. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized, competitive, and voluntary decisions. Capitalism is essentially an economic system in which the ...
Profitsare closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction. The profit motive, or the d...
Capitalism is a relatively new type of social arrangement for producing goods in an economy. It arose largely along with the advent of the Industrial Revolution, some time in the late 17th century.Before capitalism, other systems of production and social organization were prevalent.
Pros Explained
More efficient allocation of capital resources: Labor and means of production follow capital in this system because supply follows demand. Competition leads to lower consumer prices: Capitalists are in competition against one another, and so will seek to increase their profits by cutting costs, including labor and materials costs. Mass production also usually benefits consumers. Wages and general standards of living rise overall: Wages under capitalism increased, helped by the formation of un...
Cons Explained
Creates inherent class conflict between capital and labor: While capitalists enjoy the potential for high profits, workers may be exploited for their labor, with wages always kept lower than the true value of the work being done. Generates enormous wealth disparities and social inequalities: Capitalism has created an immense gap between the wealthy and the poor, as well as social inequalities. Can incentivize corruption and crony capitalism in the pursuit of profit: Capitalism can provide inc...
In terms of political economy, capitalism is often contrasted with socialism. The fundamental difference between the two is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. ...
Today, many countries operate with capitalist production, but this also exists along a spectrum. In reality, there are elements of pure capitalism that operate alongside otherwise-socialist institutions. The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the o...
Capitalism is an economic and political system where trade and industry are controlled by private owners for profit. Its core principles are accumulation, ownership, and profiting from capital. In its purest form, capitalism works best when these private owners have assurances that the wealth they generate will be kept in their own pocket, which is...
- Daniel Liberto
- 2 min
Sep 11, 2023 · According to Karl Marx, the expansion of imperialism was directly linked to a growth in capitalism due to one fundamental reason: the fact that capitalism was a worldwide system and unable to be constrained within the boundaries of a single country or nation-state (Chandra, 39). This viewpoint of Marx is reiterated by historian Bipan Chandra ...
Leninism. Imperialism, the Highest Stage of Capitalism, [a] originally published as Imperialism, the Newest Stage of Capitalism, [b][1] is a book written by Vladimir Lenin in 1916 and published in 1917. It describes the formation of oligopoly, by the interlacing of bank and industrial capital, in order to create a financial oligarchy, and ...
- Vladimir Ilʹich Lenin
- 1917
Nov 6, 2024 · Capitalism is a widely adopted economic system in which there is private ownership of the means of production. Modern capitalist systems usually include a market-oriented economy, in which the production and pricing of goods, as well as the income of individuals, are dictated to a greater extent by market forces resulting from interactions between private businesses and individuals than by ...
A comprehensive survey of capitalism's colonialist rootsand uncertain future Those who control the world'scommanding economic heights, buttressed by t...
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2 days ago · Another Marxism-influenced scholar, Eric Williams, in his 1944 book Capitalism and Slavery, showed the backstory of the rise of new imperialism by arguing for the primacy of slavery within the history of capitalism, showing how modern capitalism, the British empire, and Britishness itself were all built by enslaved labour and the profits metropolitan Britons gained from institutionalized ...
