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In reality, all capitalist economies are mixed economies, with at least part of the economy under public control either by regulation or direct subsidization from the public treasury.
In reality, all capitalist economies are mixed economies, with at least part of the economy under public control either by regulation or direct subsidization from the public treasury.
Today government involvement in capitalist economy can extend to state owned and controlled industries in everything oil reserves, drilling and refinement, nuclear and electric power generation, health care services, automobile construction, broadcasting, telecommunications, and transportation.
Today government involvement in capitalist economy can extend to state owned and controlled industries in everything from oil reserves, drilling and refinement, nuclear and electric power generation, to health care services, automobile construction, broadcasting, telecommunications, and transportation.
The inefficiency of state controlled industries has led to some deregulation and privatisation and now many ex-nationalised companies have become profitable businesses.
The inefficiency of state controlled industries has led to some deregulation and privatisation and now many ex-nationalised companies have become profitable businesses.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly global in character.
Since the fall of communism, and the advent of information technology, capitalism is becoming increasingly global in character.