All 5 Uses of
capitalism
in
Avant-garde and Kitsch
- Courage indeed was needed for this, because the avant-garde's emigration from bourgeois society to bohemia meant also an emigration from the markets of capitalism, upon which artists and writers had been thrown by the falling away of aristocratic patronage.†
*capitalism = an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- It is lucky, however, for Repin that the peasant is protected from the products of American capitalism, for he would not stand a chance next to a Saturday Evening Post cover by Norman Rockwell.†
- The same holds true, of course, for capitalist countries and makes all talk of art for the masses there nothing but demagogy.†
capitalist = one who believes in an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- What the acceptance of the isolation of the Russian Revolution forces Stalin to do, Hitler is compelled to do by his acceptance of the contradictions of capitalism and his efforts to freeze them.†
capitalism = an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- Capitalism in decline finds that whatever of quality it is still capable of producing becomes almost invariably a threat to its own existence.†
Definition:
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)
(with the belief that voluntary exchanges harness inborn self-interest in millions of decisions that benefit society)
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, ...