Morris, The Trillion Dollar Meltdown 2008 p | Pure capitalism is defined as a system wherein all of the means of production physical capital are privately owned and run by the capitalist class for a profit, while most other people are workers who work for a salary or wage and who do not own the capital or the product |
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Munck, Globalization and Labour 2011 p | Privatization is when property that had been state-owned is transferred to private owners |
Thomas Palley, From Financial Crisis to Stagnation 2012 p | Sampson, Anatomy of Britain Today 1969 p |
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Derluguian, Business as Usual 2011 p |
The New Palgrave Dictionary of Economics | Capitalism is characterized by private ownership of the factors of production |
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" : "The prolongation of the working-day beyond the point at which the laborer would have produced just an equivalent for the value of his labor-power, and the appropriation of that surplus-labor by capital, this is the production of absolute surplus-value | Edinburgh University Press, 1999, p |