History of capitalismThe history of capitalism is diverse and the concept of capitalism has many debated roots. The history of the past 500 years is concerned with the development of capitalism in its various forms. Capital accumulated by a variety of methods, at a variety of scales, became associated with much variation in the concentration of wealth and economic power. Capitalism gradually became the dominant economic system throughout the world. The processes by which capitalism emerged, evolved, and spread are the subject of extensive research and debate among historians.
Welfare capitalismWelfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century. Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model and social market economy (also known as Rhine capitalism and social capitalism).
Late capitalismLate capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to corporate capitalism. Later capitalism refers to the historical epoch since 1940, including the post–World War II economic expansion. The expression already existed for a long time in continental Europe, before it gained popularity in the English-speaking world through the English translation of Ernest Mandel's book Late Capitalism, published in 1975.
Property taxA property tax (whose rate is expressed as a percentage or per mille, also called millage) is an ad valorem tax on the value of a property. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or other geographical region, or a municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax.
Unenumerated rightsUnenumerated rights are legal rights inferred from other rights that are implied by existing laws, such as in written constitutions, but are not themselves expressly coded or "enumerated" within the explicit writ of the law. Alternative terminology sometimes used are: implied rights, natural rights, background rights, and fundamental rights. Unenumerated rights may become enumerated rights if they necessitate the systematization of positively enumerated rights anywhere laws would become logically incoherent, or could not be adhered to otherwise.
Finance capitalismFinance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution. The process of developing this kind of economy is called financialization.
RightsRights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people according to some legal system, social convention, or ethical theory. Rights are of essential importance in such disciplines as law and ethics, especially theories of justice and deontology. The history of social conflicts has often involved attempts to define and redefine rights.
Causes of the French RevolutionThere is significant disagreement among historians of the French Revolution as to its causes. Usually, they acknowledge the presence of several interlinked factors, but vary in the weight they attribute to each one. These factors include cultural changes, normally associated with the Enlightenment; social change and financial and economic difficulties; and the political actions of the involved parties. For centuries, the French society was divided into three estates or orders. The first estate, the highest class, consisted of clergy.
Right of revolutionIn political philosophy, the right of revolution (or right of rebellion) is the right or duty of a people to "alter or abolish" a government that acts against their common interests or threatens the safety of the people without cause. Stated throughout history in one form or another, the belief in this right has been used to justify various revolutions, including the American Revolution, French Revolution, the Russian Revolution, and the Iranian Revolution.
Criticism of capitalismCriticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. Criticism of capitalism is generally a left-wing to far-left stance on political economy.
