The lower strata of the middle class -- the small tradespeople, shopkeepers, retired tradesmen generally, the handicraftsmen and peasants -- all these sink gradually into the proletariat, partly because their diminutive capital does not suffice for the scale on which Modern Industry is carried on, and is swamped in the competition with the large capitalists
, partly because their specialized skill is rendered worthless by the new methods of production.
Capitalists treated it exactly as they treated the Atlantic Cable project when Cyrus Field visited Boston in 1862.
And the Western Union, in the endeavor to protect its private lines, became involuntarily a bell-wether to lead capitalists in the direction of the telephone.
Forbes, who came in as a friend of the Bradleys, were the first capitalists who, for purely business reasons, invested money in the Bell patents.
When he asked capitalists for money, they replied that he might as well expect to lease jew's- harps as telephones.
It encouraged the few capitalists who had invested money, and it stirred others to come forward.
The old traditional western capitalist
model of the developed world played havoc with the environment and is largely responsible for environmental destruction in the form of global warming and bio-diversity loss.
The Unity of the Capitalist
Economy and State: A Systematic-Dialectical Exposition of the Capitalist
It is a notorious Fact that, under the capitalist
system, abundance is punished, and scarcity is rewarded; so much so that an economic recession may occur simply because people have produced too much of the good things of this world.
In his book Strategic Capitalism, D'Aveni summarizes his findings from years of strategic analyses, gives a thorough introduction to the four generic capitalist
strategies (e.g., social-market, philanthropic, managed, laissez-faire), provides detailed insight into how mixes of these capitalist
systems are found throughout the world, and ends with his plan for the United States to recapture its competitive capitalist
The success of capitalism has raised the standard of living of the mass of the population in capitalist
Her central contribution to political debate was to take issue with those among the SPD's leaders who believed in working for practical gains within the capitalist
system, rather than actively organising for its replacement.