Study Cards on usa, enterprise, capitalism
This model has been rejected in most parts of the world, except for the USA and the UK.
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).
- 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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