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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KyrosL who wrote (24636)10/18/2004 4:52:58 PM
From: GraceZRead Replies (1) of 306849
 
There is almost no large industrialised nation which practices pure Capitalism but if we put them on a scale with the most collectivist/Socialist over on the left and the Capitalists over on the right then Japan would hardly be far left considering that there are several large nations which clearly are/were a magnitude closer to collectivism than Japan is or ever has been. The US is somewhere left of the middle having been far right as well as further left.

I'd have a really hard time seeing Japan as the "least" Capitalist unless you have a completely different definition of Capitalism than is generally accepted.

Here's one definition:

An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
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