Questions tagged [capitalism]

Question related to an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

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68
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10answers
13k views

Why is there a need to prevent a racist, sexist, or otherwise bigoted vendor from discriminating who they sell to?

Background The issue of discriminating who you sell to in the United States seems to be premised on the fact that businesses are public accomodations according to this article: Whether you post a ...
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4answers
226 views

If drug prices are much higher in US, and the US government prohibits import, why not just import online for all personal uses? [closed]

If medication prices in the US are higher than in other countries, why not import from there? This is a natural extension of this question. Basically Drug prices in US are high A Free market could ...
-3
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3answers
274 views

Would the following system be Socialist, or Capitalist?

Socialism is defined as "worker control of productive capital". Capitalism is defined as "private control of productive capital". The system I'm having trouble categorizing, turns everyone into a ...
16
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4answers
4k views

Why aren't nationalizations in Russia described as socialist?

I read in a 2015 PIIE brief titled "Russia’s Economy under Putin: From Crony Capitalism to State Capitalism" that: After nationalizing Yukos, the Russian government started taking control of ...
59
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25answers
20k views

What reasons are there for a Capitalist to oppose a 100% inheritance tax?

As I understand it, most capitalists would argue that the reason the rich deserve their wealth is that they have worked for it, and the fact that they have managed to gain such wealth shows that they ...
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3answers
180 views

What are other samples of states/provinces/governments that are governed like private companies now?

Are there any variants of capitalism that treat states themselves like some form of corporation? In that question, someone asks if there are states that's governed like corporation. Notable samples ...
2
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3answers
332 views

What exactly is “Human Capitalism” and does it conflict with the function of capitalism?

Recently Andrew Yang has announced his run for the 2020 Presidential election. He calls himself a "human capitalist" Now, I like his ideas generally - but I do not understand what exactly "human ...
97
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26answers
38k views

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

We keep hearing a lot about economic growth in the media and this answer shows us why it is so important: Therefore, we have three options: A constant increase in unemployment. (Generally ...
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2answers
311 views

Why does nobody consider science or capitalism sacrosanct? [closed]

I do not know any country in the world that jails people for "blaspheming" against science. People are free to say evolution is just a theory. Nobody says "that's blasphemy, jail him". We may think ...
8
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5answers
718 views

Reasons given by free market advocates against a carbon tax?

I see people who like free markets have two main reasons why: one due to the efficiency, the other due to the freedom, or a combination of both. For the people who value efficiency, why not support a ...
31
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21answers
14k views

How does Capitalism facilitate happiness? [closed]

I would like to preface this with the disclaimer that I am fresh to Stack Exchange, so any pointers on what may have been a better Stack for my question, or simply how to better frame it, are greatly ...
83
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27answers
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What is the capitalist answer to rail passenger transportation being non financially profitable?

In developed countries, rail transport is usually provided at financial loss, and needs to be subsidised by governments. In countries who have refused to do so (mostly on the American continent), ...
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2answers
202 views

The state's answer to the automation of job [duplicate]

Now we've learned the capitalist's answer to automation, what could be a democratic state's answer to it? automation means, same or more work can be done in less time state is faced with more ...
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1answer
509 views

Is India moving towards capitalism? [closed]

These days we see the current government of India (led by the National Democratic Alliance) favoring and profiting Indian and foreign capitalists. Is India moving again towards the direction of ...
2
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4answers
594 views

Should private citizens be legally allowed to sell their citizenship to a prospective buyer? [closed]

Some states give dividend to citizenships; there are movements for that. Some, like Vanuatu, allow people to buy citizenship; there are movements for that too. For background, there are a number of ...
33
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7answers
13k views

Why do few/no countries claim capitalism as their ideology?

Think about it: capitalism has brought so much prosperity to so many people. Yet no country claims our national ideology is capitalism - none that I know of. Americans can proudly claim they are ...
8
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1answer
890 views

Max Weber and Confucianism

Did Max Weber discuss possible pragmatic economic advantages of Confucianism (or broadly speaking Asian values) at some point? Max Weber famously authored The Protestant Ethic and the Spirit of ...
4
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2answers
1k views

Are capitalism and communism equivalent in attributable mass murders? [closed]

When the topic of communism comes up in the US, most automatically dismiss it due to the tens or hundreds of millions who died at the hands of communist regimes. As a counterpoint, some say that the ...
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2answers
2k views

Are there any measures to limit inheritance in capitalistic countries?

I'm not asking here whether this should be done or not and not going to argue here that it's fair/unfair. Currently in most (if not all) market economy countries people are allowed to inherit ...
39
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9answers
15k views

Under Chicago School economics, will monopolies naturally go away? [closed]

I have two questions regarding monopolies in a capitalistic society: According to Milton Friedman and Thomas Sowell, among other Chicago School economists, under purely market forces monopolies will ...
47
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8answers
22k views

Is it possible to be a socialist and a capitalist?

I don't know how to label my economic belief system, and it's frustrating when getting into discussions with other people. I believe in Capital. I believe that people have a right to earn more than ...
3
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2answers
976 views

Does socialism require capitalism, or can it be a standalone ideology?

In short: Within the fundamental model of societal growth, does socialism only follow after capitalism, or is socialism philosophically capable of standing alone as a principle ideology during the ...
1
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1answer
182 views

Who formulated the theory that states actively promoted capitalism?

The mainstream view of capitalism is that it is a "natural" system that emerges almost automatically, as long as the government doesn't intervene and merely fights criminals and so forth. But I ...
3
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2answers
544 views

Is there an equivalent of the horseshoe theory for economic systems stating that monopolized capitalism = communism?

The horseshoe theory states that societies organised by the extreme right and the extreme left would look alike. It is also applied to various other opposed groups (religious, nationalists, ...). Is ...
13
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2answers
505 views

Are there countries with true open-market railways?

Over here Ben Southwood makes a case against nationalizing the British train lines: [..] Returning it to centralised state control would be a step backwards and a mistake. Instead we ...
102
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21answers
23k views

What is the capitalist answer to automation?

While we are not currently at total automation, we are inching closer. An Oxford Study from 2013 indicates by 2033 upwards of 45% of our job force could be automated. This automation, causing a ...
5
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1answer
263 views

Do Amish (Pennsylvania Dutch or others) in US own their means of production?

For Amish community members in USA, are their means of production (land, tools, possibly cattle) owned by individual community members/families; or by the whole community? By "owned", I mean "...
0
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1answer
230 views

Would a communist society work? [closed]

I'm pretty sure it would not work immediately after transforming from our current state, but surely over time we should see change, right? Are there any examples of when it has/hasn't worked?
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0answers
822 views

Why there is so much neglect and even the hate of socialism/communism as the postcapitalism? [closed]

Marxism teaches that the development of technology leads to the new forms of social and economic orders. There have been already primitive communism, slavery, feudalism and now the capitalism is the ...
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1answer
195 views

Are there any countries with laws that require maximizing profits?

It is a common trope I see claimed quite often similar to: Individuals and interest groups are governed by laws that demand maximum profit where possible. These laws are inherent in the monetary ...
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1answer
89 views

Market based solutions to social problems [closed]

Thinking that the government should support organisations or have schemes that go against 'market forces' - ie. financed through taxation - is socialist, and is the first step on the road to tyranny ...
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1answer
237 views

Is USA socialized? [closed]

I am having a disagreement with someone one the exact definition of socialism and whether or not USA is one. . Ignoring any aspect of the constitution. Is USA socialized by definition? What is the ...
0
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1answer
193 views

Are there analysis of capitalist development as a dialectical process (i.e. not dialectical materialism)?

It is customary to point that one does not escape Hegel’s dialectic easily: opposition (or trying to negate) dialectic would still amount to be playing its game, since negation is a necessary step to ...
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6answers
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Why hasn't North Korea adopted a market economy?

Both China and Vietnam, communist countries in the same region as North Korea, allowed a market economy after a while. By contrast, my understanding is that North Korea has dabbled in a market economy ...
6
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2answers
533 views

What reasons does Argentina have to participate in US court proceedings against it in the debt crisis?

Argentina defaulted and restructured its sovereign debt in 2005 and again in 2010. Roughly 93% of bondholders accepted repayments of around 30% of the face value of the bonds. Some of the hold-outs ...
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7answers
2k views

Why does “meritocracy” / “capitalism” co-exist with “democracy”?

The current state of the world is such that the "communist" attitude is frowned upon, whereas alternatives like "capitalism" and "meritocracy" are preferred. For example when we hitch a flight on an ...
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1answer
180 views

Cronyism In Economy

What are the differences between crony capitalism and crony socialism ? These terms have been in the news very frequently.
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2answers
214 views

Ethics in economy

My country (India) is a mixed economy but is gradually shifting towards capitalism. Can someone please throw some light on the part that ethics play in a market driven economy and suggest some ...
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1answer
367 views

Has anyone called for the elimination of limited liability?

One of the justifications that liberals make for the regulation and taxation of corporations is that corporations are by their very nature government-subsidized enterprises, because the government ...
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1answer
500 views

Do/did non-dictatorial Capitalist societies exist?

This question is sparked by another one about Communism. Was there any Capitalist society (that is having market economy) where all power (including power over means of production) belonged to ...
5
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1answer
168 views

Do scholars still use Mussolini's taxonomy of the history of capitalism?

Benito Mussolini divided the history of capitalism from 1830 to at least 1933 into "heroic capitalism" (1830-1870), "static capitalism" (1870-1914) and "supercapitalism" (1914-?). Are this division, ...