reply to post by XPLodER
Now the problem with capitalism is that there are many different types of it. herein lies the problem.
Types of capitalism
Mercantilism
A nationalist form of early capitalism where national business interests are tied to state interests, and consequently, the state apparatus is
utilized to advance national business interests abroad. Mercantilism holds that the wealth of a nation is increased through a positive balance of
trade with other nations.
Free-market capitalism
Free market capitalism consists of a free-price system where supply and demand are allowed to reach their point of equilibrium without intervention by
the government. Productive enterprises are privately owned, and the role of the state is limited to protecting property rights.
Social market economy
A social market economy is a nominally free-market system where government intervention in price formation is kept to a minimum but the state provides
significant social security, unemployment benefits and recognition of labour rights through national collective bargaining laws. The social market is
based on private ownership of businesses.
State capitalism
State capitalism consists of state ownership of the means of production within a state. Capitalism is the physical work process by which wealth is
created in excess of the quantity consumed in the production of it, regardless of whether that process is operated by private individuals and
companies or by the government. The debate between proponents of private versus state capitalism is centered around questions of managerial efficacy,
productive efficiency, and fairest in the distribution of the wealth created.
Corporate capitalism
Corporate capitalism is a free or mixed market characterized by the dominance of hierarchical, bureaucratic corporations, which are legally required
to pursue profit. State monopoly capitalism refers to a form of corporate capitalism where the state is used to benefit, protect from competition and
promote the interests of dominant or established corporations.
Mixed economy
A largely market-based economy consisting of both public ownership and private ownership of the means of production. Most capitalist economies are
defined as "mixed economies" to some degree[citation needed] although the balance between the public and private sectors may vary.
Clearly most on this site have a problem with corporate capitalism something that our governemnt allows to run rampate this day and age. So before you
just broadly generalize a subject maybe you should research it bit more.
