Capitalism is a social system
based on the principle of individual rights. Politically, it is the
system of laissez-faire (freedom). Legally it is a system of objective
laws (rule of law as opposed to rule of man).
This is an extract.
" this article, the authors explore media coverage of a recent
acquisition across national borders. Their starting point
is that the media represent a key arena of
“discursive strategizing” for actors such as corporate managers. They
illustrate
and specify how global capitalism, as discourse
relying on economic and financial rationale and exemplified here by the
acquiring
firm’s attempts to expand, meets national
spirit, exemplified here by the complexity in selling the acquisition
target to
foreigners. The main contribution of this study
lies in identifying how key actors draw on and mobilize rationalistic
and
nationalistic discourses in public discussion.
The analysis illustrates that the same actors can draw on different—even
contradictory—discourses
at different points in time. Furthermore,
different actors—even with opposing objectives—may draw on the same
discourse in
legitimizing their positions and pursuing
specific ends."
Socialism or theory in which the government owns and controls the
means of production (as factories) and distribution of goods.
Democracy a system of government by the whole population or all the eligible
members of a state, typically through elected representatives. A perfect example is the U.S., where we elect a president and members of the Congress. We also elect local and state officials.
In politics, hegemony is the
geopolitical method of indirect imperial dominance, with which the
hegemon (leader state) rules subordinate states, by the threat of
intervention, an implied means of power, rather than by direct military
force, that is, invasion, occupation, and annexation.
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