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Unformatted text preview: particular marketauto manufacturers and cereal companies (three control 77% of the market) Anti-trust legislation vs. ruling class political control Conglomerates Interlocking directorates Laissez-faire capitalism advocated by Adam Smith in The Wealth of Nations (1776)coincides with the founding of the greatest capitalist power of all timesthe invisible handmarket economy and free enterprisethe unregulated market has never really existed, so long as there was a functioning governmentsubsidies and favoritismrelated to social Darwinismraises an important social issue: should some agency (like unionism or government) intervene in the workplace in behalf of the workers? Sompure som and pure capitalism Sewer sompublic ownership of certain basic functions Centralized planning and collective goals Mixed economies Democratic som...
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This note was uploaded on 02/10/2012 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10