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American CredoThe Place of Ideas in US Politics$
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Michael Foley

Print publication date: 2007

Print ISBN-13: 9780199232673

Published to Oxford Scholarship Online: January 2008

DOI: 10.1093/acprof:oso/9780199232673.001.0001

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Capitalism

Capitalism

Chapter:
(p.213) 10 Capitalism
Source:
American Credo
Author(s):

Michael Foley (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199232673.003.0011

This chapter discusses American capitalism. Capitalism has not only become integrally related to the growth of the United States into a global industrial power, but in doing so has acquired an iconic property as the generic expression of American ideas and experience. Just as capitalism has played a role in giving definition to America's social identity and historical position, so the United States has emerged as the exemplar of capitalist organization and the defining reference point by which its merits and demerits as an economic and ethical system is adjudged.

Keywords:   American capitalism, capitalist order, socialism, capitalist system, global industrial power, social identity

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