Kudos to the writer. An important topic, with interesting and informative discussion. The headline drew my attention, but it promised more than the article delivered. The headline probably was written by an editor, and the writer probably was unaware of what it said. I encourage the writer to do a follow-up article that focuses on the role of capitalism.
And what is the main distinguishing feature of Capitalism II? The colorful and attractive visual design conceals an extremely complex economic game, which perfectly simulates a number of trade and economic relations in the perspective of harsh reality of the titular capitalism. During the gameplay we can try to eliminate our competitors by buying their shares on the stock exchange. There is also an option to purchase advertising and promotion in various media such as television, radio and the press.
Capitalism 2 For Mac
The question then is can GDP be increased? And the answer is of course it can. We are living through one of the worst recessions in the entire history of capitalism, the largest since the great depression, the economy is operating well below capacity. The GDP can be increased through the use of expansionary monetary and fiscal policy i.e. by the Bank of England printing more money and keeping the interest rate low and by the government borrowing money and spending it.
This makes some valid points but in treating 'capitalism' as though it was the same as each 'capitalist nation state' or 'capitalist economic block' it ignores the economic limits (imposed by capitalist competition) on what workers, short of combined international action, can achieve within the framework of the world capitalist system and action on any scale at that level would have at least potential revolutionary implications wouldn't it?
Virtually every company faces low-priced challengers after a successful "next big thing" product has provided high margins for many years. Any company in this defensive position has two choices to maintain market position in free market capitalism: lower the price or make a better mousetrap. In 1995, as Steve Jobs watched in horror, a Jobs-less Apple chose the path of price erosion for Macintosh. Maybe they figured they would make up for the lower profit per unit with sales volume?
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