Capitalism vs Promarket - What's the difference?
capitalism | promarket |
(politics, uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
(economics, uncountable) a socio-economic system based on the abstraction of resources into the form of privately owned capital, with economic decisions made largely through the operation of a market unregulated by the state.
(countable) a specific variation or implementation of either such socio-economic system.
In favor of the free market, of capitalism.
* 2006 , Michael Courville and Raj Patel, "The Resurgence of Agrarian Reform in the Twenty-first Century", introduction to Promised land: competing visions of agrarian reform , Food First Books, ISBN 978-0-935028-28-7, pages 18–19:
As a noun capitalism
is (politics|uncountable) a socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.As an adjective promarket is
in favor of the free market, of capitalism.capitalism
English
Noun
Quotations
*External links
* (wikipedia) English words suffixed with -ismpromarket
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Adjective
(en adjective)- The promarket argument fails to acknowledge not only the noncommodity nature of food production, but also the falsity of the assumption that rising GDP inevitably leads to decreased poverty for rural dwellers. Conceptualizing agriculture as a commodity-oriented system of production, the World Bank's MALR [market-assisted land reform] models and the neoliberal economic models that spawned it avoid any direct consideration of the relationship between the land and the majority of the world's poor.