Turbo capitalism: This refers to the form of capitalism where private enterprises are unchecked. The power of mafia in Italy is an example of this. Thus, business successes are relative to strategic influences with civil servants or those in authority. ![]() These regulations can be seen by the creation of an extensive welfare state to protect those who are unemployed or on low incomes, a progressive tax system with higher earners paying more than others, the urge to regulate monopolies and protect rights of workers.Ĭrony capitalism: This is a term that is used to refer to situations where people or businesses that have close relationship with politicians or government official are given unfair advantages. Responsible capitalism: this is essentially a free market economy with a degree of government regulation, to avoid the excesses and inequalities of capitalism. However, these countries practice capitalism in their varying forms such as: ![]() Some of these countries include: The USA, Canada, Chile, Germany, Japan, South Korea, Bangladesh, Nigeria etc. Many countries of the world have adopted the capitalist system as their economic policy.
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