Political economy and globalization - Varieties of capitalism - Enterprise capitalism
6 important questions on Political economy and globalization - Varieties of capitalism - Enterprise capitalism
Where does enterprise capitalism exist?
This model has been rejected in most parts of the world, except for the USA and the UK.
What ideas is enterprise capitalism based on?
What is its central feature?
These free-market principles have helped to keep public ownership to a minimum in the USA. Emphasis on high productivity and labour flexibility (trade unions are often weak).
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What other factors have added to the success of the USA?
What has made principles of enterprise capitalism to become more prominent since 1980s in the USA and UK?
What are the disadvantages of enterprise capitalism?
- Enterprise capitalism's 'turbo' features may have less to do with the dynamisms of the market or technological innovation than with an unsustainable boom in the housing and financial markets, and the growth of public and private debt --> economic model may be more vulnerable to the quirks of financial markets (see 2007-09 financial crisis).
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