Word: capitalisme
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In sum, there is no alternative to capitalism that credibly promises both wealth and liberty. Despite its transitory woes and weaknesses, capitalism in the foreseeable future will not only survive but also stands to prosper and spread. Perhaps the most balanced judgment of Adam Smith's wondrous system is Winston...
(2 of 17) to use its control of some basic raw materials to capture a greater share of global wealth. One illustration of the size of the threat is the disruption of Western economies caused by the huge price increases of the Organization of Petroleum Exporting Countries, most of whose...
It is a little early to write off capitalism. The system has survived wars, depressions, the loss of colonial empires?even the accession to government power, in such countries as Britain, France and Germany, of parties that called themselves socialist but proved unable or unwilling to dismantle the system.
Today, ironically, the strength and adaptability of capitalism are appreciated most by fervent socialists who would like to destroy the system but realize they are nowhere near their goal. New Left Philosopher Herbert Marcuse denounces capitalism's profit motive as "obscene" but concedes that it is so powerful that the...
Capitalism's whole spirit is growth through adaptation to ceaseless change?in prices, profits, technology, consumer tastes. In fact, its intellectual history begins with Adam Smith's effort to explain why and how the natural instincts and capabilities of free men cause economies to change and progress. All this is...