State capitalismState capitalism is an economic system in which the state undertakes business and commercial (i.e. for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor). The definition can also include the state dominance of corporatized government agencies (agencies organized along business-management practices) or of public companies such as publicly listed corporations in which the state has controlling shares.
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.
Aftermath of World War IITwo global superpowers, the Soviet Union (USSR) and the United States (US), rose in the aftermath of World War II. The war's aftermath was also defined by the rising threat of nuclear warfare, the creation and implementation of the United Nations as an intergovernmental organization, and the decolonization of Asia and Africa by European and east Asian powers, most notably by the United Kingdom, France, and Japan.
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.
Peace PagodaA Peace Pagoda is a Buddhist stupa; a monument to inspire peace, designed to provide a focus for people of all races and creeds, and to help unite them in their search for world peace. Most, though not all, peace pagodas built since World War II have been built under the guidance of Nichidatsu Fujii (1885–1985), a Buddhist monk from Japan and founder of the Nipponzan-Myōhōji Buddhist Order. Fujii was greatly inspired by his meeting with Mahatma Gandhi in 1931 and decided to devote his life to promoting non-violence.
Maastricht TreatyThe Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration" chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and (with less precision) for common foreign and security policies.
Landlocked countryA landlocked country is a country that does not have territory connected to an ocean or whose coastlines lie on endorheic basins. There are currently 44 landlocked countries and 4 landlocked de facto states. Kazakhstan is the world's largest landlocked country while Ethiopia is the world's most populous landlocked country.
Treaty of LisbonThe Treaty of Lisbon (initially known as the Reform Treaty) is an international agreement that amends the two treaties which form the constitutional basis of the European Union (EU). The Treaty of Lisbon, which was signed by all EU member states on 13 December 2007, entered into force on 1 December 2009. It amends the Maastricht Treaty (1992), known in updated form as the Treaty on European Union (2007) or TEU, as well as the Treaty of Rome (1957), known in updated form as the Treaty on the Functioning of the European Union (2007) or TFEU.
