Before the Industrial Revolution, which began in Britain in the late eighteenth century, economies were based on agricultural production and handicrafts, using hand tools and basic machines. ... Governments developed incorporation laws to cover capitalist loses and finance capitalist investments with public funds. ... By the end of the nineteenth century most governments outlawed trusts and cartels, but some monopolistic strategies continued into the twentieth century. ... This was because British entrepreneurs and government officials realized their head start and forbade the export of machin...

• Word Count: 1625
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate

Stronger governments have had more choice than weaker governments concerning their response to global pressures for more international and less regulated economic activities. Even the weakest government, however, has had some room for manoeuvre. ... Furthermore, governments need business, and business's tax revenues to provide their citizens with expected services. State citizens also expect to be provided with good job prospects and rising incomes, or governments will lose power. ... Liberals argue that governments should want to promote free trade to make everyone wealthier. ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

One romanticizes the traditional culture, based on a complete rejection of modernity while the other is more skeptical of these same topics, employing a more constructivist view on culture. ... The success of the Mondragon cooperative in Spain has been based upon the ethical principles of open admission, democratic organization and inter-cooperation, to name a few. ... They perceive that this research and creating new community-based enterprises will help individuals within the community recognize the powerful resource of economic interdependence. ...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate

While this may encourage a lack of personal sympathy and the alienation of those at the bottom of the pyramid, it can surely be argued that governments even in capitalist states take steps to regulate the actions of companies in a neoliberalist society. ... While the minimum wage today might be argued (rightly) to be insufficient, in 1959, the Terms and Conditions of Employment Act set the minimum wage at a rate which could sustain a family of one working parent and two children without falling below the poverty line (source: National Archives), showing a duty of care actually being enacted by...

• Word Count: 2635
• Approx Pages: 11
• Has Bibliography
• Grade Level: Graduate