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Supercapitalism
Supercapitalism was a concept introduced by Benito Mussolini in a speech given in November 1933 to the National Council of Corporations of the Kingdom of Italy.Falasca-Zamponi, Simonetta. ''Fascist Spectacle: The Aesthetics of Power in Mussolini's Italy''. 1997. p. 136.Salvemini, Gaetano. ''Under the Axe of Fascism''. 2006. p. 132-133. Mussolini gave this speech in the context of the ongoing Great Depression, and he attempted to explain the economic crisis in the world at the time by arguing that capitalism had gradually degenerated from its original form: first there had been dynamic or heroic capitalism (1830–1870), followed by static capitalism (1870–1914), in turn followed by the final form of decadent capitalism, known also as supercapitalism, which began in 1914.Mussolini, Benito. ''Four Speeches on the Corporate State: With an Appendix Including the Labour Charter, the Text of Laws on Syndical and Corporate Organisations and Explanatory Notes''. Laboremus, 1935. p. 16 Mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benito Mussolini
Benito Amilcare Andrea Mussolini (; 29 July 188328 April 1945) was an Italian politician and journalist who founded and led the National Fascist Party. He was Prime Minister of Italy from the March on Rome in 1922 until his deposition in 1943, and "Duce" of Italian Fascism from the establishment of the Italian Fasces of Combat in 1919 until his execution in 1945 by Italian partisans. As dictator of Italy and principal founder of fascism, Mussolini inspired and supported the international spread of fascist movements during the inter-war period. Mussolini was originally a socialist politician and a journalist at the ''Avanti!'' newspaper. In 1912, he became a member of the National Directorate of the Italian Socialist Party (PSI), but he was expelled from the PSI for advocating military intervention in World War I, in opposition to the party's stance on neutrality. In 1914, Mussolini founded a new journal, ''Il Popolo d'Italia'', and served in the Royal Italian Army durin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporatism
Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin ''corpus'', or "body". As originally conceived, and as enacted in fascist states in mid-20th century Europe, corporatism was meant to be an alternative to both free market economies and socialist economies. The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory. Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance; instead, the correct term for thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Transformation Of Business, Democracy, And Everyday Life
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managerial State
The managerial state is a concept used in critiquing modern procedural democracy. The concept is used largely, though not exclusively, in paleolibertarian, paleoconservative, and anarcho-capitalist critiques of late modern state power in Western democracies. The term takes a pejorative context as a manifestation of Western decline. Theorists Samuel T. Francis and Paul Gottfried, developing ideas inspired by the analytical framework of James Burnham, say this is an ongoing regime that remains in power, regardless of what political party holds a majority. Variations on the concept include the ''therapeutic managerial state'', ''welfare–warfare state'', ''administrative state'', and ''polite'' or ''soft'' totalitarianism.'' '' There is significant overlap between the concepts of the managerial state and the deep state, with theorists of the managerial state additionally drawing from theories of political religion and the secularization of Christian concepts, namely Puritanism, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Welfare
Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. The definition of corporate welfare is sometimes restricted to direct government subsidies of major corporations, excluding tax loopholes and all manner of regulatory and trade decisions. Origin of term The term "corporate welfare" was reportedly coined in 1956 by Ralph Nader. Alternative adages "Socialism for the rich, capitalism for the poor" Believed to have been first popularised by Michael Harrington's 1962 book ''The Other America'' in which Harrington cited Charles Abrams, a noted authority on housing. Variations on this adage have been used in criticisms of the United States' economic policy by Joe Biden, Martin Luther King Jr., Gore Vidal, Joseph P. Kennedy II, Robert F. Kennedy, Jr., Dean Baker, Noam Chomsky, Robert Reich, John Pilger, Bernie Sanders, and Yanis Varoufakis. "Privatizing profits and social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialism For The Rich And Capitalism For The Poor
Socialism for the rich and capitalism for the poor is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments. The term ''corporate welfare'' is widely used to describe the bestowal of favorable treatment to big business (particular corporations) by the government. One of the most commonly raised forms of criticism are statements that the capitalist political economy toward large corporations allows them to " privatize profits and socialize losses." The argument has been raised and cited on many occasions. Variations of the concept, include privatize profits/gains and socialize risks/losses/debts; and markets, free enterprise, private enterprise and capitalism for the poor while state protection and socialism for the rich. History and usage The phrase may have been first popularized by Michael Harrington in his 1962 book, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporatocracy
Corporatocracy (, from corporate and el, -κρατία, translit=-kratía, lit=domination by; short form corpocracy) is an economic, political and judicial system controlled by corporations or corporate interests. The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of free trade agreements. Corporate rule is also a common theme in dystopian science-fiction media. Use of "corporatocracy" and similar ideas Historian Howard Zinn argues that during the Gilded Age in the United States, the U.S. government was acting exactly as Karl Marx described capitalist states: "pretending neutrality to maintain order, but serving the interests of the rich". According to economist Joseph Stiglitz, there has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Consumption
Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the supply of goods would grow beyond consumer demand, and so manufacturers turned to planned obsolescence and advertising to manipulate consumer spending. In 1899, a book on consumerism published by Thorstein Veblen, called ''The Theory of the Leisure Class'', examined the widespread values and economic institutions emerging along with the widespread "leisure time" at the beginning of the 20th century. In it, Veblen "views the activities and spending habits of this leisure class in terms of conspicuous and vicarious consumption and waste. Both relate to the display of status and not to functionality or usefulness." In economics, consumerism may refer to economic policies that emphasise consumption. In an abstract sense, it is the consideration th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Council Of Corporations
The National Council of Corporations (''Consiglio nazionale delle corporazioni'') was a constitutional organ of the Kingdom of Italy between 1930 and 1943. History It was established by royal decrees number 1131 of 2 July 1926 and 1347 of 14 July 1927 and inaugurated on 22 April 1930. After this, the law 206 of 20 March 1930 stated its organization and functions, turning it into a constitutional organ. In a speech at this inauguration, Benito Mussolini stated "the National Council of Corporations is to the Italian economy what the Staff is in the Armed Forces - the thinking brain which prepares and coordinates". Law 10 on 5 January 1939 reformed the Council and from that year onwards its members were the same as the members of the Chamber of Fasces and Corporations, also set up in 1939. It was suppressed by the royal decree-law of 9 August 1943, number 721. Structure The head of government either chaired the Council or delegated that role to the Minister for Corporations. Chairi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standardization
Standardization or standardisation is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. Standardization can help maximize compatibility, interoperability, safety, repeatability, or quality. It can also facilitate a normalization of formerly custom processes. In social sciences, including economics, the idea of ''standardization'' is close to the solution for a coordination problem, a situation in which all parties can realize mutual gains, but only by making mutually consistent decisions. History Early examples Standard weights and measures were developed by the Indus Valley civilization.Iwata, Shigeo (2008), "Weights and Measures in the Indus Valley", ''Encyclopaedia of the History of Science, Technology, and Medicine in Non-Western Cultures (2nd edition)'' edited by Helaine Selin, pp. 2254–2255, Springer, . The centralized we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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