All 3 Uses of
capitalism
in
Always Running
- Everything is directed toward "normalcy," the folding into the fast-paced, material— and status-oriented capitalist value system.
Chpt Intr.capitalist = one who believes in an economic system based on private ownership of property and businesses with voluntary exchange in a competitive environment; or someone who is wealthy and benefits from such an economy
- It's capitalism: Cutthroat, profit-motivated and expedient.
Chpt Pref. *capitalism = an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- Unlike others in the Chicano Movement who strove to enter the American capitalist system, it prepared for a fundamental reorganization of society.
Chpt 7capitalist = one who believes in an economic system based on private ownership of property and businesses with voluntary exchange in a competitive environment; or someone who is wealthy and benefits from such an economy
Definition:
-
(capitalism) an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)editor's notes: Most proponents of capitalism advocate that government intervene to handle problems "pure" capitalism does not handle well such as monopoly, shared costs and benefits (such as pollution or national defense), provision of a safety-net for those who are unlucky, ...