Varieties of capitalism

Laissez-faire capitalism

• Pure capitalism

• Minimum government intervention

• Government only involved in police and fire protection

• Singapore, America, Saudi Arabia, Dubai, New Zealand, Switzerland

State Capitalism

• Government owns, controls, or heavily influences the business industry

• Operates only for government profit

• China, Russia, Saudi Arabia (oil), North Korea, Canada (liquor stores)

Stakeholder capitalism

• Balances shareholders and stakeholders

• Germany, Sweden, Denmark

Clean Capitalism

• Balances profit-making with environmental and social responsibility

• Sustainable practices

• Iceland, UK, Norway

US-Style capitalism

• Closer to “pure” capitalism

• Limited government intervention

• Shareholder capitalism (shareholder domination in a company)

Chinese Capitalism

• State-owned and organized economic activities/enterprises

• Political over economic incentives

• State Capitalism (Government acts like the business owner)

German Capitalism

• Strong state involvement in corporate policy

• Focus on quality through work ethics and services/products

• Stakeholder capitalism

Japanese capitalism

• Stronger state involvement in corporate polity

• Focus on quality through work ethics and services/products Stakeholder capitalism

• Stakeholder capitalism

• Collective capitalism (everyone involved in the business gets a share of the profit)

Canadian capitalism

• State involvement in economy than US

• Stable and cooperative relationship between business and government

Winnipeg General Strike

• Led to formation of NDP

• Strike for working class immigrants rights