Capitolism is an ironic reference to an economy in which market forces are subsumed to political interests in Washington. The term is derived from Karl Marx's term for a private enterprise-based economy, Capitalism, and the name of the building in which the U.S. Congress meets, the Capitol.
Similar to crony capitalism, capitolism isn't capitalism and it isn't quite socialism, but combines some of the worst aspects of both systems. A business that makes decisions based on what will earn it subsidies from Washington, rather than supply and demand, is capitolist.
Similar to crony capitalism, capitolism isn't capitalism and it isn't quite socialism, but combines some of the worst aspects of both systems. A business that makes decisions based on what will earn it subsidies from Washington, rather than supply and demand, is capitolist.
To avoid bankruptcy, General Motors must make business decisions based not on the market, but on the tens of billions of dollars in subsidies it seeks from Washington. Once a prominent example of capitalism it is now one of capitolism.
by Marcellus_vrw March 11, 2009
Get the Capitolism mug.The advanced stage of unmanaged capitalism in which corporations and the wealthy, having run out of quick and easy paths to profit and economic growth, begin cannibalizing the societies in which they operate instead of investing in them.
Features: Declining wages for workers, privatization of government, dismantling of social services, sale of cultural & national heritage, debtor's prisons, corporate invasion of people's personal lives, and punishment (and ultimately enslavement) of the poor.
Features: Declining wages for workers, privatization of government, dismantling of social services, sale of cultural & national heritage, debtor's prisons, corporate invasion of people's personal lives, and punishment (and ultimately enslavement) of the poor.
A: Did you hear that Zuckerberg is tearing down the national park to build his new fortified megamansion?
B: Yeah dude, wanna go to the Pepsi™-sponsored protest against it later?
A: Truly, late capitalism is the best system to live under.
A: Did you know that boomers can now spend $8,000 to get transfusions of children's blood so they live longer?
B: Haha, late capitalism strikes again!
B: Yeah dude, wanna go to the Pepsi™-sponsored protest against it later?
A: Truly, late capitalism is the best system to live under.
A: Did you know that boomers can now spend $8,000 to get transfusions of children's blood so they live longer?
B: Haha, late capitalism strikes again!
by ZUCK_NEEDS_UR_BLOOD June 5, 2017
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A term used to describe what capitalism has evolved to in many countries in which most of the capital in held by an extremely small group of people and financially neglecting the majority of the population.
by Gilsha December 19, 2016
Get the Capigalism mug.Also called Marxist Capitalism. A form of capitalism where you are paid in social benefits instead of money and/or your social benefits are determined by how much work you do. This economic type was the main economic type in the Soviet Union. While this economic type is often referred to as communism, it is much closer to capitalism.
by Shugunou March 31, 2023
Get the Communist Capitalism mug.A factor that represents the promotion, perpetuation, and persuasion of economic influence to maintain the status quo for the one percent in power.
Economic treason results from the occupation of labor forces in countries other than that of residing corporate board directors where profit values are substantiated by the SEC (Socially Engineered Capitalism).
by Mikal Machievelli December 5, 2011
Get the SEC (Socially Engineered Capitalism) mug.A version of capitalism based on telling people what to buy and how to live in order to force them to behave in ways that solves climate change.
Often involves establishing rules around what people 'can do' and therefore what they 'cannot do'.
The concept was designed in Australia as an alternative to 'cannot-do' capitalism, where people were empowered to make their own choices as there were no rules proscribing what they could not do. Also related to laissez faire economics.
Often involves establishing rules around what people 'can do' and therefore what they 'cannot do'.
The concept was designed in Australia as an alternative to 'cannot-do' capitalism, where people were empowered to make their own choices as there were no rules proscribing what they could not do. Also related to laissez faire economics.
by Aceyducey November 10, 2021
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