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EC116 TYPES OF CAPITALISM AND RIGGED AMERICAN ECONOMY

The EC116 types of Capitalism and rigged American economy article focuses on the impact of Capitalism on the USA. Within the broad church of Capitalism, there are different forms. For example, there is the turbo-capitalism that refers to an unregulated form of Capitalism. Moreover, it has financial deregulation, privatization, and lower tax on high earners. Milanovic’s views on capitalism help in understanding the differences in the capitalist types that exist. There is also Responsible Capitalism, which is essentially a free market economy. The EC116 models of Capitalism and rigged American economy article highlights the character of the different capitalist types.

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MILANOVIC’S VIEWS ON CAPITALISM AND DIFFERENCES IN CAPITALISM

Milanovic’s views on Capitalism allow for the understanding of the transformation of Eastern Europe and the USSR. Economist Branko Milanovic surveys this new world in his book Capitalism, Alone. In Capitalism, Alone, he discusses the institutions and market arrangements of the contemporary world economy. He also looks at the rigged American economy as a result of Capitalism. “Liberal” in the context of his book refers to both the old, nineteenth-century connotation. This means there are fewer government constraints on markets and international trade. Finally, the EC116 types of Capitalism and rigged American economy article helps in understanding the differences that exist in the different kinds of Capitalism.

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EC116 TYPES OF CAPITALISM, THE RIGGED AMERICAN ECONOMY AND THE IMPACT OF CAPITALISM

Milanovic’s discussion on Capitalism helps to highlight the rigged American economy. The notion of the American Dream is part of an American’s essence. Yet the numbers say otherwise. The life prospects of a young American depend more on the income and education of his or her parents. Milanovic’s views on Capitalism through his book, Capitalism alone, help in focusing on the wrong side of Capitalism. Things appear to be getting worse, partly as a result of forces, such as technology and globalization. Indeed, America has long outdone others in its level of inequality. Lastly, the EC116 types of capitalism assignmnet helps in understanding Capitalism’s role in the rigged American economy.

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