Month: November 2003

American administrator imposes flat tax in Iraq by a stroke of the pen.

  What is Capitalism? David Veksler November 1, 2003 Part 1: Theory What is capitalism? The Encarta dictionary defines capitalism as “an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.” While private property, free markets, and profits…