I have occasion to revisit my initial post on 5 types of capitalism (
http://teachingbe.blogspot.com/2008/07/5-types-of-capitalism.html).
I received two responses to this post:
1. "In describing China's up-and-coming form of Capitalism and the several unjust practices it brings with it, the writer described so much of the "American Stile".
Response: This is a kind of "moral equivalency" argument that the Left has been using for decades. On the other hand, I deserve some criticism for pouncing on China, simply describing what I think are its faults and not rounding out my concept. Essentially, I was pointing to two kinds of "fifth" forms of capitalism.
First, the current "organizational narcissism" Zuboff mentions that may give rise to a "fifth" form, the details of which are unclear (to me at least).
Second, something akin to National Socialism (Nazism, in the strict economic sense) but fueled with political and military power (Nazism in the cultural/political sense) may end up being the "fifth" form of "capitalism." (Although in my view such a state of affairs hardly deserves to be called "capitalism.")
To some limited extent, we see this developing in the U.S. in the form of hyper-welfare state capitalism combined with moves to nationalize the insurance industry. We
do not see, as my critic would have it, any lack of individual liberties or new waves of racism, or any kind of imperialism developing in the U.S. . Citizens in the U.S. are clearly opposed to severe abridgements of liberty, racism, and imperialism. No amount of invective from the Left will change this basic fact of American life.
In China, on the other hand, we see forced labor camps, population control, conscription of under-age athletes, limits on free speech, and a host of other violations of human rights, not to mention one-party rule.
My main point was that IMHO democracy and capitalism need to inextricably linked, just as Kant's notion of humanity needs to be linked to practical utilities and human creativity. I don't look forward to a day when non-democratic nations are hailed as models of capitalism.
2. "Thanks. this would be very helpful in my report tomorrow about capitalism and its type. Could you give me links that would could help me in my topic tomorrow?..thanks!"
Sorry, I don't have anything specific to recommend aside from Shaw and Barry's treatment of the four forms of capitalism in their book
Moral Issues in Business. In any case, doing your own research first is always best! Never accept the what you see on this blog or any other Internet resource at face value!
That said, I see that the wikipedia entry on "mercantilism" appears to be quite good and includes the reasons for Smith's repudiation of it. People who argue for protectionism (tariffs on foreign goods) today usually show no understanding of this historical dialogue.
The wikipedia entry under "welfare capitalism" shows the effect of transfer payments, but one has to be careful with such "data." What is the effect morally and psychologically of transfer payments? This moral/psychological effect is one of the concerns of a global business ethics -- an ethics yet to be developed.