Succint little exchange with a friend on Facebook (yes, really!): The ultra-liberalism is a term invented by journalists but that does not exist in terms of economic theory .Also, I should have added that in principle "under capitalism, the mobile main economic activity is the pursuit of profit which finds its counterpart in the risk " . any risk relating to these large groups of companies that enjoy a dominant market position and benefits related to tax planning and social - in other words, the desire to evade taxes and charges on developed countries to benefit from the labor and social conditions and higher tax weather in other countries while enjoying the purchasing power of western consumers - is an SME can do to a marginal level.
Strictly speaking, one could speak of neo-classicism .
Currently, the global economic system is anything but capitalist insofar including:
1. The politics of large groups is driven by a vision of short-term approach that undermines the sustainability of production means
2. The allocation decisions are made profits for the benefit of a few large shareholders at the expense of capital investments and human capital essential for business success ... See More
3. The globalization of the economy allows large companies to distort competition, especially through fiscal and social dumping
So it should come back to the foundations of capitalism and regulation (theory of the invisible hand has its limits here) to allow equality of the actors and the company is again the vector of common enrichment it should be.
In addition, our global society is not even more liberal in that the only invisible hand is more abused by monopolies or oligopolies and therefore imperfect competition law maintains that even encourages such that the audiovisual industry, automotive, energy, film, music, real estate, etc..
Creative destruction, even under the liberal theory of the invisible hand can not even do his work on these companies, innovation is thus impeded. The car is a striking example of this as promoting or funding fossil fuel industry heavily without requiring adjustment, the state has largely prevented the emergence of alternative energy vehicles whose patents are Yet sometimes for many years!
In summary, our economy is not capitalist because only shareholders and not the core capital "means of production" is disproportionately favored over even the viability of a business over the long term.
It is not liberal in that situation of oligopolies or monopolies are not the result not the invisible hand of the market in a situation of perfect competition, but biased rules, diverted by the law or set of maneuvers undertaken globally.
The two points also compensate fully, the law generally occurs to correct the deficiencies of companies that have been managed to encourage the shareholders that they would have us take for entrepreneurs.
Creative destruction, even under the liberal theory of the invisible hand can not even do his work on these companies, innovation is thus impeded. The car is a striking example of this as promoting or funding fossil fuel industry heavily without requiring adjustment, the state has largely prevented the emergence of alternative energy vehicles whose patents are Yet sometimes for many years!
In summary, our economy is not capitalist because only shareholders and not the core capital "means of production" is disproportionately favored over even the viability of a business over the long term.
It is not liberal in that situation of oligopolies or monopolies are not the result not the invisible hand of the market in a situation of perfect competition, but biased rules, diverted by the law or set of maneuvers undertaken globally.
The two points also compensate fully, the law generally occurs to correct the deficiencies of companies that have been managed to encourage the shareholders that they would have us take for entrepreneurs.
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