competitive capitalism

competitive capitalism

the early form and ideal type of Western capitalism in which competitive market relations predominate; hence this may also be termed market capitalism or free market capitalism. See also CAPITALISM AND CAPITALIST MODE OF PRODUCTION. Compare MONOPOLY, ADVANCED CAPITALISM.
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Binfield notably coins the phrase 'homoindustrial' for the kind of same-sex bonding, marked by commonality and the free traffic of male workers, which existed prior to the alienating effects of competitive capitalism. Second-generation Romantic poetry looms large in three lively essays.
But although Sismondi did urge many things, he also worked out in considerable detail what he thought would happen to freely competitive capitalism if it were left unchecked.
His Charlie Lumley copsidered any kind of success in the world of competitive capitalism a failure of integrity.
For radicals who would like to see an alternative socioeconomic system, the book represents a progressive economic framework, which should go beyond competitive capitalism. In other words, one can argue that capitalism cannot be reformed by government, and that the class conflict (war) will create an alternative system devoid of exploitation, a system that represents the majority of Americans.
In The Theory of Economic Development, the processes of innovation were discontinuous as innovations generated by individual entrepreneurs in a system of competitive capitalism tended to appear in clusters.
Instead, he contends that the persistence of racial economic inequality stems from the nature of competitive capitalism and the destructive forces of globalism.
The joy of losing control while sliding down may not be a viable alternative to the sober rhythms of competitive capitalism, but it certainly does provide a form of pleasure unconnected to the fluctuations of the market.
Rockefeller and his Standard Oil, inspired the article "Today's Standard Oil: Microsoft" in The New York Times book review section, which concluded that "the 20th century is ending as the 19th century did, with the representative corporation of the age seeking to escape the untamable risks of competitive capitalism." An editorial in The Los Angeles Times declared that "Bill Gates Is Wrong," then continued, "In two landmark antitrust lawsuits, the Justice Department correctly contends that Microsoft has crushed competition and stifled innovation in the software industry."
Galbraith argued that the American economy, like the bumblebee, theoretically cannot function effectively because it defied the classical theory of competitive capitalism according to Adam Smith and David Ricardo.
The party's national program (www.greens.org/usa) puts its philosophy forthrightly: "Concepts of ownership are provisional and temporary, to be employed in the context of stewardship and of social and ecological responsibility." While claiming to disown Soviet economics, the Greens also spurn competitive capitalism "because it creates a dynamic of endless growth that is incompatible with ecological sustainability and that fosters greed and domination in society."
In the increasingly global monopoly capitalist order of today the role of price competition is much reduced in comparison to the nineteenth century era of freely competitive capitalism. In the earlier era--when each individual firm accounted for only a small share of the market--the chief weapons of competition were cutting costs and enhancing quality: by such means a firm could hope to survive and even expand its profits and market share.
This essay suggests that a new labor history synthesis must "integrate culture and economics," but it emphasizes the impact of three major stages of capitalist development on workers' lives: competitive capitalism, from the 1830s to the mid-1890s; monopoly capitalism, from the turn of the century to about 1930; and contemporary capitalism, from the Great Depression to recent times.

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