Capitalist Meltdown

It was only when Deng Xiaoping opened the door to trade with capitalist countries that anti Japanese sentiments were deliberately stirred up. Neither Marxism nor Maoism could be used to justify China s joining the capitalist world.

The Government as Venture Capitalist

Will China s Capitalist Revolution Turn Democratic

2D platform game about communist and capitalist balls

By day, I'm a venture capitalist. On weekends, I love rockets.

CA You started talking in recent years about this term capitalist philanthropy.

Ours is a city, not a wilderness preserve. And I've embraced my inner capitalist.

Unfortunately, many of us in this room are supporters of capitalist policies and market forces.

The first is imagine yourself going to a venture capitalist and saying, I've got a fantastic idea.

China is an obvious example of capitalist success and lagging political reform. For these countries, honest competition at the ballot box, free and open debate, and respect for minority rights the foundation of liberal democracy are not currently on the agenda.

And I recently said that to a venture capitalist casually at some Valley event, to which he replied, How quaint.

Yet, in sub Saharan Africa, there are few hints of the global financial crisis that is consuming the capitalist world.

Why doesn't somebody do it? And the answer is, How do you make a profit in a capitalist system, doing that?

Even within countries, measures of wellbeing are strongly related to the proportion of the labor force employed in capitalist production. In Mexico s state of Nuevo León, two thirds of workers are employed by private incorporated businesses, while in Chiapas only one in seven is.

Think of the story of the real estate boom in the United States and other countries in the first half of the 2000 s. This was a story not of a bubble rather, the boom was a triumph of capitalist enterprise in a new millennium.

Europe s technocrats worked in the service of security ahead of the EU s enlargement in 2004 to the former communist states of Central Europe. The EU s bureaucracy played a key part in helping those countries to navigate the complex transition from socialist autocracy to capitalist democracy.

It's gone from socialist Tanzania into capitalist Tanzania, and continued to flourish. It had about 1,000 employees when we first found it.

And she's an operator in a company in Silicon Valley, and she uses her contacts to become a very successful venture capitalist.

There's no filth, there's no beggars, all the snake charmers have vanished, everybody's gone. This tells you how the capitalist world rules.

The old state planner Chen Yuan once cautioned that Chinese reformers had created a birdcage economy in which a capitalist bird was growing within a socialist cage. His inference was that, unless Party leaders were careful, this capitalist bird would literally burst out of its socialist cage, spelling an end to China's Marxist Leninist revolution.

Capitalist economies have been spectacularly efficient at enabling growing consumption of private goods, at least over the long run. When it comes to public goods such as education, the environment, health care, and equal opportunity the record is not quite as impressive, and the political obstacles to improvement have seemed to grow as capitalist economies have matured.

Which venture capitalist in their right mind is going to give you any money to set up a venture competing with Microsoft, with Microsoft Outlook? No one.

If we looked in the world of 1945 and looked at the map of capitalist economies and democratic polities, they were the rare exception, not the norm.

You were a free market capitalist economist or you were a Keynesian liberal economist, and these people didn't go to each other's weddings, they snubbed each other at conferences.

Indeed, the old socialist economic birdcage has now been largely burst by China's capitalist reforms, releasing with a vengeance a mutant people's republic into the global marketplace of consumerism.

For example, while many countries are facing a jobs crisis, one part of the capitalist world is doing just fine northern Europe, including Germany, the Netherlands, and Scandinavia. Germany s unemployment rate this past summer was around 5.5 , and its youth unemployment rate was around 8 remarkably low compared with many other high income economies.

After all, owning capital whether it is stocks or real estate entails risks, and the need to insure against these risks is why capitalist countries built traditional safety nets in the first place. Revolutions are exciting, but we must make sure that we still have a home to return to when the barricades come down and the dust settles.

Many people have been convinced that market exchange diminishes our humanity. Think of Charlie Chaplin s film Modern Times , in which the little tramp is literally a cog in the capitalist machine.

Of course, to some degree, a capitalist system will always be vulnerable to shocks and crises. The question is how to respond to them to minimize the fallout, while bolstering the system s resilience.

To be sure, rent seeking and favor dispensing corruption exist to some degree everywhere but they are more widespread in developing than developed countries and in resource rich and or centrally planned economies than in capitalist democracies. The time and other resources that individuals and firms devote to seeking government favors would be far more valuable if redirected to producing goods and services.

When competing in newly independent or developing countries, this ideological opposition became Manichean, fostering a fierce suspicion, if not outright rejection, of rival principles. As a result, strengthening state institutions was too often seen in the West as communist subterfuge, while the Soviet bloc viewed the slightest notion of individual freedom and responsibility as a stalking horse for capitalist counter revolution.

Under this policy, Hong Kong s capitalist system, the rule of law, and its people s freedoms and way of life were to be preserved. It provided for a popularly elected Chief Executive and Legislative Council.

Although the circumstances are different, the fundamental issues are always the same, for they touch on questions of legitimacy and morality. If remuneration is perceived as unjust, trust in the capitalist system will suffer.

But no actually existing capitalist market system spontaneously generates justice in exchange. There is always some monopoly power, insiders have more information than outsiders, ignorance and uncertainty are pervasive, and expectations are frequently disappointed.

NEW DELHI Marc Andreessen made his first fortune writing the code that became Netscape Navigator, the Internet browser. He is now a venture capitalist who evangelizes about the growing importance of software in business today.

What Chinese officials desire is a capitalist stock market without the possibility of large losses that can shake confidence in the CCP s credibility and control. But that is a market that no one has yet invented.

In The General Theory of Employment, Interest and Money, Keynes ends by summarizing the strengths and weaknesses of the capitalist system. On one hand, capitalism offers the best safeguard of individual freedom, choice, and entrepreneurial initiative.

This distributional quandary lies at the heart of the capitalist system, which is one of never ending competition fueled by the drive to maximize profits. In such a world, there is no room for a social conscience.

Thinking startup? David S. Rose's rapid fire TED U talk on pitching to a venture capitalist tells you the 10 things you need to know about yourself and prove to a VC before you fire up your slideshow.

Pure capitalism and globalization evoke horrific images. Swarms of capitalist locusts threaten to descend on defenseless, hardworking people, to quote the unfortunate metaphor used in a recent speech by Franz Müntefering, the chairman of the governing Social Democrats.

There was an idea, originally derived from Ricardo and Marx, that the capitalist class needed a reserve army of the unemployed to maintain its profit share. If profits were eliminated, the need for that reserve army would disappear.

A prominent venture capitalist, Tim Draper, wants to put a proposition on the ballot to split California into six separate states. (California often makes big decisions from limiting property taxes to formulaic restrictions on state spending by ballot initiative.)

CAMBRIDGE Don t look now, but capitalism maligned in these bailout ridden recessionary days is reshaping Africa inexorably. What is different today is that it is emanating from China and India, rather than from the conventional bastions of capitalist prowess.

But, you know, would you have thought back in the '60s, when the space race was going on, that the first commercial capitalist like thing to do to buy a ticket to go to the moon would be in Russian hardware?