Neocapitalism
1. A new form of capitalism that emphasizes government intervention in the economy to rescue and restructure large companies that are deemed "too big to fail" because of the systemic risk they pose to the nation.
2. The opposite of Marxism, which anticipates the collapse of the entire capitalist system and the seizure of all "means of production" -- healthy companies included.
3. An economic system that prevents large, poorly managed companies from destroying the entire country.
2. The opposite of Marxism, which anticipates the collapse of the entire capitalist system and the seizure of all "means of production" -- healthy companies included.
3. An economic system that prevents large, poorly managed companies from destroying the entire country.
Obama has been called a "socialist," but history will show he's really a clever student of "Neocapitalism."
Neocapitalism by Peter Kobs May 25, 2009
