Social Capitalism
Social Capitalism makes reference to a highly collective, planed and centralised economical system whereby although contrast to Socialist economies..The ownership of private wealth and property are not prohibited....The value and worth however of ones labor, produce and property are determined not by the laborer owner of a property Commercial or noncommercial and the producer of goods..But rather these are entirely subject to regulative, predetermined and pre established values, Worth and measures sanctioned or approved by a highly centralised state authority. Social Capitalism, is effectively the middle stage of the transitional process when a Laissez-faire free market economy is transformed in to a Capitalist or Corporate economy.
Social Capitalism, reflects upon the transition of Americas early Laissez-faire free market economy in to a highly centralised planed economy, subject to the regulative and control of a centeralised and powerful state authority.
Social Capitalism by Baron Neville January 14, 2016
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