All 4 Uses
capitalism
in
Fast Food Nation
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- In many respects, the fast food industry embodies the best and the worst of American capitalism at the start of the twenty-first century — its constant stream of new products and innovations, its widening gulf between rich and poor.†
p. 6.1 *capitalism = an economic system based on voluntary exchange in a competitive environment with private ownership of property and businesses
- It was in his view the supreme achievement of American capitalism, as well as its greatest disgrace.†
p. 152.5
- In 1986 the group decided to target Mc-Donald's, later explaining that the company "epitomises everything we despise: a junk culture, the deadly banality of capitalism."†
p. 245.4
- Throughout the Cold War, America's decentralized system of agriculture, relying upon millions of independent producers, was depicted as the most productive system in the world, as proof of capitalism's inherent superiority.†
p. 266.4
Definitions:
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(1)
(capitalism) an economic system based on voluntary exchange in a competitive environment with private ownership of property and businessesProponents of capitalism argue that voluntary exchanges tap into people’s local knowledge and natural self-interest, channeling millions of everyday decisions into broader benefits for society. At the same time, most of them also support a role for government in addressing problems that “pure” capitalism handles poorly—such as monopolies, shared costs and benefits like pollution and national defense, and providing a safety net for those who are hit by bad luck.
- (2) (meaning too rare to warrant focus)