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Neo-capitalism is an economic ideology which blends some elements of
capitalism Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by ...
with other systems. This form of capitalism was new compared to the capitalism in the era before
World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...
. Social and economic ideology that arose in the second half of the 20th century and in which the capitalist doctrine becomes deeper, being based on
technological revolution A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time. It is a time of accelerated technological progress characterized by innovations whose rapid application a ...
and on the
internationalization Internationalization or Internationalisation is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization. Internationalization is a crucial strategy not only for ...
of the markets. It is a term used to designate a new form of capitalism that is characterized for correcting its excesses by means of the application of measures that guard over the
social well-being Well-being is what is ultimately good for a person. Also called "welfare" and "quality of life", it is a measure of how well life is going for someone. It is a central goal of many individual and societal endeavors. Subjective well-being ref ...
. The important aspects include a great economic freedom, attaching the
private property Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership ...
of the industries and companies, moderated with a centralized
economic planning Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources ...
, which can include that the state is an owner of some means of production. It tries to support a balance between the
economic growth In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Outp ...
, lower inflation, low levels of unemployment, good conditions of work, social assistance and good
public services A public service or service of general (economic) interest is any service (economics), service intended to address the needs of aggregate members of a community, whether provided directly by a public sector agency, via public financing availab ...
, across the intervention of the state in the economy. It arises in the technological companies reconstructed in the postwar period. One of its more outstanding representatives is the
Keynesian Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...
economist
Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "h ...
.


See also

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Late capitalism The concept of late capitalism (in German: ''Spätkapitalismus''), also known as late-stage capitalism, was first used by the German social scientist Werner Sombart (1863–1941) in 1928, to describe the new capitalist order emerging at that tim ...
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State monopoly capitalism The theory of state monopoly capitalism (also referred as stamocap) was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into ''monopoly capitalism'', ...
*
Neoliberalism Neoliberalism is a political and economic ideology that advocates for free-market capitalism, which became dominant in policy-making from the late 20th century onward. The term has multiple, competing definitions, and is most often used pe ...
*
Progressive capitalism Progressive capitalism is an economic framework that seeks to recalibrate the roles of the market, state, and civil society to enhance societal well-being. This approach advocates for a new social contract that leverages market forces and entrepr ...
*
Community capitalism Community capitalism is an approach to capitalism that places a priority on the well-being and sustainability of the community as a whole. The community could be a metropolitan area, region, or an entire country. Overview In 1997, The American ...
* Inclusive capitalism *
Binary economics Binary economics, also known as two-factor economics, is a proposed economics theory by Louis O. Kelso that suggests policy makers endorse a continued use of both private property and a free market but should also seek significant reforms to the ...
*
Humanistic capitalism Humanistic capitalism is a concept that seeks to unite humanism, specifically the safety and health needs of people and the environment, with market forces and a market-based economy. It is often seen as a middle ground between the ideas of mo ...
*
Inclusive growth Inclusive growth is economic growth that raises standards of livings for broad swaths of a population. It is widely accepted that inclusive growth is challenging to be achieved in the real world. Both the intangibility and long term perspective mak ...
*
Creating shared value Creating shared value (CSV) is a business concept first introduced in a 2006 ''Harvard Business Review'' article, ''Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility''. The concept was further expanded i ...
*
Corporate social responsibility Corporate social responsibility (CSR) or corporate social impact is a form of international private business industry self-regulation, self-regulation which aims to contribute to societal goals of a philanthropy, philanthropic, activist, or chari ...
*
Redwashing Redwashing is the practice of a collective entity presenting itself as Progressivism, progressive and concerned about social equality and social justice, justice, in order to use this perception for public relations or economic gain. In politics, ...


References

Capitalist systems Cooperatives Economic ideologies Economic liberalism Ideologies Social philosophy {{econ-hist-stub