Flaws do not necessarily mean that capitalism is a “failed” system, but rather that it requires oversight, regulation, and ...
While competition is central to the ideal of capitalism, it does not always occur naturally or sustain itself over time.
What was Marx's prognosis for the capitalist system that he knew? The answer lies in that enormous work Das Kapital (Capital). It was 18 years in process; in 1851 it was to be done "in five weeks ...
According to Lenin, "Monopoly is the transition from capitalism to a higher system.'' The critical element fueling imperialism, according to Lenin, was the decline of national economic competition ...
Is capitalism the best economic system ever devised? No doubt about it. Does believing that the profit motive sometimes must be restrained make you a radical left-winger? Only in America.