Close Menu
    Capitalism

    Capitalism (the 15th and final part) 

    By No Comments4 Mins Read
    Author: Mohammad Asem Esmailzahi
    Capitalism (the 15th and final part) 
    Examples of Countries with Economies Inclined Toward Capitalism
    The following countries are generally classified as free-market economies or mixed economies with a strong capitalist orientation:
    • United States: One of the strongest examples of a free-market economy, with a strong emphasis on innovation and the private sector.
    • United Kingdom: A mixed economy with a long tradition of free markets and global financial services.
    • Canada: A mixed economy with a strong private sector and significant social welfare networks.
    • Japan: An advanced market economy characterized by close cooperation between government and major industries.
    • Germany: A prominent example of a Social Market Economy, combining free markets with strong social protection.
    • Australia and New Zealand: Open and highly globalized free-market economies.
    • Western European countries: Many of them operate mixed economies with a high level of social welfare support.
    Important Note: As mentioned earlier, Scandinavian countries—such as Norway, Sweden, and Denmark—also maintain capitalist structures in terms of private ownership of the means of production and market competition. However, due to their very high levels of taxation and extensive social welfare services, they are often described as examples of social-democratic mixed economies.[1]
    Conclusion
    Capitalism, or the capitalist economic system, is an economic structure in which individuals and private companies own and control the production and distribution of goods and services. In this system, pricing and market control are influenced by supply and demand as well as competition among market participants, rather than by a centralized authority or a command economy.
    Like any economic system, capitalism has both advantages and disadvantages. Among its advantages are the reduction of prices through competition, more efficient use of capital, and improvements in production efficiency. However, it can also lead to problems such as economic inequality and financial instability.
    On the other hand, tendencies toward monopoly, unemployment, and the unequal distribution of wealth and power are among the main criticisms directed at capitalism.
    Ultimately, the most effective approach may be for a country to establish a balance between free markets and supportive social policies, allowing economic growth while also preventing social harm.
    Continues…

    Previous Part | The End

    References:

    [1]. Zivdari, Mehdi, The Conflict Between Faith-Based Ethics and Capitalist Ethics and the Formation of Economic Systems, p. 231, Sharif University of Technology Center for Technology Studies, 2007.

    Also: Zarshenas, Shahriar, Capitalism, p. 163, Daftar-e-Maaref Publishing, 2013.

    References:
    1. The Quran.
    2. Al-Qazwini, Muhammad ibn Yazid, Sunan Ibn Majah, Dar al-Fikr, Beirut.
    3. Al-Nishapuri, Muslim ibn al-Hajjaj, Sahih Muslim, Dar al-Jeel Beirut – Dar al-Afaq al-Jadida Beirut.
    4. Alavi, James, A History of Economics as a Moral Science, translated by Ali Nemati, Tehran, 2005.
    5. Zivdari, Mehdi, The Conflict Between Faith-Based Ethics and Capitalist Ethics and the Formation of Economic Systems, Center for Technology Studies, Sharif University of Technology, 2007.
    6. Sen, Amartya, On Ethics and Economics, translated by Hassan Fesharaki, Shirazeh Publishing, Tehran, 1998.
    7. Max Weber, The Protestant Ethic and the Spirit of Capitalism, translated by Abdolmaaboud Ansari, SAMT Publications, Tehran, 1992.
    8. Qahf, Monzer, Religion and Economics: The Islamic Economic System and the Science of Islamic Economic Analysis, translated by Seyyed Hossein Mir-Moezzi, Qom, 2005.
    9. Fernand Braudel, The Dynamics of Capitalism, translated by Mehran Payandeh et al., Ameh Publishing, Tehran, 2009.
    10. Ghadiri Asl, Baqer, History of Economic Thought: The Confrontation of Schools from Plato to After Keynes, Tehran University Press, 2008.
    11. Adams, Walter, Adam Smith Goes to Moscow, translated by Ahmad Jafari Samimi, Mazandaran Publishing, 2008.
    12. Connell, Reinhard, Fascism: Capitalist Society’s Escape from Crisis, translated by Manouchehr Fekri Ershad, Toos Publishing, 1980.
    13. Vladimir Lenin, Imperialism: The Highest Stage of Capitalism, translated by Marzieh Khosravi, Roozegar-e-No Publishing, 2015.
    14. Chartier, Gary, Markets Not Capitalism, translated by Mehrdad Molaei, Donya-ye Eghtesad Publishing, 2017.
    15. Sargolzaei, Mohammad-Reza, Madness of Power and Illegitimate Power: On Fascism, Totalitarianism and Capitalism, Qatreh Publishing, 2019.
    16. Zarshenas, Shahriar, Capitalism, Daftar-e-Maaref Publishing, 2013.
    17. Tobias J. Lanz, Beyond Capitalism and Socialism: A New Reading of Old Ideals, translated by Vahid Sharbati and Mohaddeseh Heydari, Donya-ye Eghtesad Publishing, 2018.
    18. Sedaghat, Parviz, From Feudalism to Capitalism, translated by Ahmad Tadayyon, Tehran Publishing, 1980.
    19. Heilbroner, Robert, Capitalism in the Twenty-First Century, translated by Ahmad Shahsa, Scientific and Cultural Publishing Company, 1998.
    20. Fesharaki-Zadeh, Hassan, The End of Rational Capitalism and the Collapse of Neoliberalism, Qadis Publishing, 2009.
    21. Hoppe, Hans-Hermann, Aristocracy, Monarchy, Democracy: A Tale of Moral and Economic Folly, translated by Soleiman Abdi, Donya-ye Eghtesad Publishing, 2017.
    22. Barnes, Jack & Alice Mary, Capitalism and Environmental Destruction: In Defense of the Earth and Labor, translated by Hamed Sedighi, Talaieh-ye Porsou Publishing, 2011.

    Related Posts

    Leave A Reply