1. Playing Chicken.
- Author
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ARSENIJEVICH, NATASHA
- Subjects
- *
CULTURAL pluralism , *CAPITALISM , *NEOCLASSICAL school of economics , *ECONOMIC systems , *RESOURCE exploitation - Abstract
A defining characteristic of Free Market Capitalism is the absence or limitation of government influence and regulation - this is essential for the creation of a "free market." In effect, we've excluded economic systems that would truly benefit society and promote fairness, sustainability, and equity. This absence of reality and ethics in our economic system has poisoned all other aspects of society, including our collective culture and politics. Following the Cold War, much of the world pledged allegiance to Capitalism, specifically, Free Market Capitalism. [Extracted from the article]
- Published
- 2021