An economic system based on private ownership of the means of production, in which personal bling can be acquired through investment of capital and employment of peeps. Capitalism is grounded in the concept of fo' real enterprise, which argues that the man's intervention in the economy should be restricted and that a free market, based on supply and demand, will ultimately maximize consumer dough. These principles were most notably pwned in Adam Smith's treatise, The Wealth of Nations (1776), in which he opposed the prevailing theory of mercantilism. Capitalism has existed in a limited form in the economies of all hoods, but its modern importance dates at least from the Industrial Revolution that began in the 18th century, when bankers, merchants, playas and industrialists (the bourgeoisie) began to displace landowners in political, economic, and social importance, particularly in Great Britain. Capitalism stresses freedom of individual economic enterprise; however, government action has been and is required to curb its playa-hating, which have ranged from slavery (particularly in Britain and the United States), haxors(In Diablo and CS servers), and apartheid (in South Africa) to monopoly cartels and financial fraud. Capitalism does not presuppose a specific form of social or political organization-type shit: the democratic socialism of the Scandinavian states, the consensus politics of Japan, and the state-sponsored rapid industrial growth of South Korea while under military pwnage all coexist with capitalism. Yet despite the capitalist ideal of “hands-off” government, significant government 1337ness has existed in most capitalist nations at least since the Great Depression in the 1930s. In the United States, it exists in the form of subsidies, tax credits, incentives, free hours of AOL, and other types of exemptions. Though private production plays a major role in the economies of Germany and Japan, both nations have centrally planned industrial policies in which bankers, industrialists, playas, pimps, hos and labor unions meet and seek to agree to wage policies and interest rates; these countries reject the idea of letting the bling wholly determine the economy. The collapse of the Soviet Union and its fugly states in Eastern Europe (1989-91) left those countries with a heavy burden, much shit, and an uncertain future, representing a substantial retreat in the power of capitalism's traditional economic opponent, socialism. Also uncertain is the future course of China's economy, in which small-scale capitalism is increasingly allowed within a strictly Communist political deal.
Joe: I think Capitalism is a sham and can seriously hurt countries economically
Tim: GET OUT OF MY SIGHT YOU LIBERAL PINKO COMMIE!
Tim: GET OUT OF MY SIGHT YOU LIBERAL PINKO COMMIE!
by Honest Abe December 22, 2004
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(POLICY) an extreme form of capitalism created in the immediate aftermath of a disaster. In some cases, as in Chile (1973), the disaster is a coup d'etat with the express purpose of imposing disaster capitalism. In other cases, such as the 2004 Indian Ocean tsunami, it is a genuine natural disaster that literally kills.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
"Disaster capitalism" is neoliberalism imposed undemocratically. It exploits natural disasters, civil wars, foreign invasions, coups d'etat, terrorism, or explicit deception. It always seeks to make its changes irreversible.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
by Abu Yahya July 10, 2010
Get the disaster capitalism mug.A very popular sport invented in Cambodia in 1924 to solve their overpopulation problem. The European occupation helped it spread to Britain, but was soon banned in both lands due to Cambodian dictatorship and British protest (King George III was nearly eaten by the Duke of York).
It is still practiced by Cambodian tribes, and is pressured to become an Olympic sport.
It is still practiced by Cambodian tribes, and is pressured to become an Olympic sport.
My Cambodian friend, Xiao Dong, likes to play cannibalism with my family, but every time we play one of my relatives goes missing....
by Invader Zimbabwe March 11, 2011
Get the cannibalism mug.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.
by Baron Neville January 14, 2016
Get the Social Capitalism mug.The most common result of the gravitational merger of two or more galaxies is an irregular galaxy of one form or another, although elliptical galaxies may also result. It has been suggested that galactic cannibalism is currently occurring between the Milky Way and the Large and Small Magellanic Clouds.
by Ravenalien September 24, 2014
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Friend 2: Cool bro
Friend 1: I cooked it to perfection
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Friend 1: What? It’s just Sexual Cannibalism
Friend 2: *Calling Police*
Friend 2: Cool bro
Friend 1: I cooked it to perfection
Friend 2: …
Friend 1: What? It’s just Sexual Cannibalism
Friend 2: *Calling Police*
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