The capitalist system
CONTINUED FROM LAST WEEK Regulation of International Trade and Payments: Just as the need for some form of domestic control…
The capitalist system
These are effected by means of the manipulation of interest rates, the credit squeeze, open market operations, the issuing of…
The capitalist system
CONTINUED FROM LAST WEEK Rent and Price Controls: Again, in order to relieve the burden of the working class, and…
The capitalist system
CONTINUED FROM LAST WEEK With the new combines among the power and rich capitalist nationS of the world on the…
The capitalist system
The essential characteristic of the capitalist system is economic freedom, or freedom of industry and enterprise; and it has four…
The capitalist system
CONTINUED FROM LAST WEEK If at any time A produces more or less than B requires, he will get less…
The capitalist system
CONTINUED FROM LAST WEEK Land is the gift of Nature and labour-power belongs to the labourer. Consequently, one would have…
The capitalist system
CONTINUED FROM LAST WEEK Again, the entrepreneur who takes advantage of over-supply of labour, coupled with a short-supply of the…
The capitalist system
CONTINUED FROM LAST WEEK Until the emergence of capitalism, the pronouncements of scientists concerning their discoveries were regarded as heresies.…
The capitalist system
CONTINUED FROM LAST WEEK Egoistic Altruism: We have it on the venerable authority of Adam Smith that, by pursuing his…
The forces at work/The capitalist system
CONTINUED FROM LAST WEEK It is obvious from what we have said that the beneficial effects of division of labour…
The People’s Republic: The forces at work
If there had been one currency for the whole world issued by universally recognised monetary authorities, or if all countries…
The People’s Republic: The forces at work
CONTINUED FROM LAST WEEK If there had been one currency for the whole world issued by universally recognised monetary authorities,…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK In this case, its policy would be to budget for a surplus. If there is too…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK Conversely, if the goods and services available are too plentiful, relative to the prevailing amount of…
The People’s Republic: The Forces At Work
From our earlier description of him, the entrepreneur is a worker of exceptional skill and ability. Usually, he takes many…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK Since its supply is limited, and cannot be increased, it follows that the greater the demand…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK But it is this factor that fares worst of all in the struggle for an equitable…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK The producers too are many in number, and their activities also are unrelated and unco-ordinated. In…
The People’s Republic: The Forces At Work
CONTINUED FROM LAST WEEK In any case, experience has shown that it is impossible under the present method of production…
