Word: capitalisme
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Verba has written extensively on social, political and economic equality. Equality in America: The View from the Top, which Verba co-authored in 1985, analyzes how the inequalities inevitably arising from capitalism can be reconciled with the equality which must be the root of democracy.
1. Foreign Cultures 50. "The Emergence of African Capitalism." Jennifer Widner.
Even Marxists have now come to that realization. Marx's confident prediction of the collapse of capitalism presupposed its rigidity. He assumed that trends of the early 19th century would continue and lead to the immiserization of the working class, which would then lead to revolution. None of this has...
As Andrei Kozyrev, a deputy chief in the Soviet Foreign Ministry, recently admitted, capitalism has evolved a "mutually accepted legal framework," such that "class conflicts largely take place through the achievement of compromise." By adapting, capitalism disarmed the dialectic. The Soviets are now obsessed with adaptation. They recognize that the...
^ Another decline theorist, Mancur Olson, laid out the case in his 1982 classic The Rise and Decline of Nations. Olson showed that mature societies start to decline when layers of powerful special-interest groups -- inefficient producers, inflexible unions, governmental bureaucracies -- succeed in impeding the normal "creative destruction" of capitalism. In...