[Peace-discuss] Keywords: capitalism, late capitalism

[Szoke, Ron]

Keywords  040120
Some terms potentially useful in political analysis & polemics

capitalism, late capitalism

CAPITALISM  n.
> An economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market. — American Heritage® Dictionary
>  capitalism (Economics) Also called: free enterprise or private enterprise 
>  n. an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions. Compare socialism1  —  Collins English Dictionary 
>  n.  an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations. [1850–55]  —  Random House Kernerman Webster's College Dictionary
>  a system of economics under which ownership of and investment in the means of production and distribution depends chiefly upon corporations and private individuals. 
>  a theory or system in which property and investment in business are owned and controlled by individuals directly or through ownership of shares in companies. 
Cf. communism. — capitalist, n., adj.   capitalistic, adj.
— Ologies & -Isms. Copyright 2008 The Gale Group, Inc. 
>  1. An economic system essentially based on the private ownership of the means of production, distribution, and exchange.
2. An economic system in which the means of production are privately owned and producers compete to maximize their profits.  — Dictionary of Unfamiliar Words by Diagram Group 

LATE CAPITALISM
The advanced stage of unmanaged capitalism in which corporations and the wealthy, having run out of quick and easy paths to profit and economic growth, begin cannibalizing the societies in which they operate instead of investing in them.

		Features: Declining wages for workers, privatization of government, dismantling of social services, sale of cultural & national heritage, debtor's prisons, corporate invasion of people's personal lives, and punishment (and ultimately enslavement) of the poor.

+  A: Did you hear that Zuckerberg is tearing down the national park to build his new fortified megamansion? 
B: Yeah dude, wanna go to the Pepsi™-sponsored protest against it later? 
A: Truly, late capitalism is the best system to live under.

+  A: Did you know that boomers can now spend $8,000 to get transfusions of children's blood so they live longer? 
B: Haha, late capitalism strikes again!
	— Urban Dictionary  040120  
  
[ Some have pointed out that Karl Marx’s famed treatise is about Capital (the economic system, as the title announces) & says nothing explicit about Capitalism (the ideology).  — RSz. ]
	#	#	#