Capitalism: A Very Short Introduction outlines the history and development of capitalism and addresses important 21st-century issues, such as New Labour's relationship with capitalism, recent crises in capitalist systems, the significance of global capitalism, and distinctive national models of capitalism. Most people have an opinion about capitalism. Has capital escaped the nation-state by going global? Is capitalism doomed? There are alternatives to capitalism, in the guises of socialism, communal and cooperative experiments, and alternatives proposed by environmentalists.

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As the investment of money to make more money, capitalism has long existed but it was when production was financed in this way that a transformative capitalism came into being. Capitalist production depends on the exploitation of wage labour, which also crucially fuels the consumption of the goods and services produced by capitalist enterprises. Production and consumption are linked by the markets that come to mediate all economic activities in a capitalist society.

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Search within Contents Front Matter List of illustrations 1. What is capitalism? Where did capitalism come from? How did we get here? Is capitalism everywhere the same? Has capitalism gone global? What crisis? End Matter References Further reading Index. Show Summary Details List of illustrations 1.

References Further reading Index. James Fulcher. List of illustrations 1. All rights reserved. Sign in to annotate. Delete Cancel Save. Cancel Save.


Capitalism Summary and Review

Has Capitalism by James Fulcher been sitting on your reading list? Pick up the key ideas in the book with this quick summary. Although capitalism was initially restricted to Europe and North America, the fact that its implications are now omnipresent in nearly every corner of the world makes the understanding of it more pertinent than ever. The majority of the world runs, to varying degrees, on capitalism. But while there is no monolithic form that governs everyone who lives under a capitalist system, there are a number of common principles that all varieties of capitalism share. This sort of invested money is known as capital.


Capitalism: A Very Short Introduction

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Capitalism: A Very Short Introduction

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Post a Comment. Despite a mostly Marxist-inspired analysis, the book ends on a very reformist note, encouraging those that desire to change social conditions to work for reforms within capitalism. Fulcher examines three historical examples of capitalism, what he calls merchant capital, capitalist production and financial capitalism. He notes that "all involve the investment of money in order to make a profit, the essential feature of capitalism. With regard to British capitalism, Fulcher highlights combinations and friendly societies as forerunners of unions and the prior growth of merchant capitalism as presaging the emergence of capitalist production.

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