Former parties
127-636: Former parties Former parties The Colombian Communist Party ( Spanish : Partido Comunista Colombiano , PCC ) is a legal communist party in Colombia . It was founded in 1930 as the Communist Party of Colombia , at which point it was the Colombian section of the Comintern . The party is led by Jaime Caycedo and publishes a weekly newspaper named Voz . The Revolutionary Armed Forces of Colombia (FARC)
254-489: A financial infrastructure of money and investment that makes possible credit and debt , entrepreneurship , commodification , voluntary exchange , wage labor , production of commodities and services , and a strong emphasis on innovation and economic growth . In a market economy , decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets —whereas prices and
381-573: A Spanish-based creole language called Chavacano developed in the southern Philippines. However, it is not mutually intelligible with Spanish. The number of Chavacano-speakers was estimated at 1.2 million in 1996. The local languages of the Philippines also retain significant Spanish influence, with many words derived from Mexican Spanish , owing to the administration of the islands by Spain through New Spain until 1821, until direct governance from Madrid afterwards to 1898. Capitalism This
508-477: A broader and expanding money-based economy. The system put pressure on both landlords and tenants to increase the productivity of agriculture to make profit; the weakened coercive power of the aristocracy to extract peasant surpluses encouraged them to try better methods, and the tenants also had incentive to improve their methods in order to flourish in a competitive labor market . Terms of rent for land were becoming subject to economic market forces rather than to
635-588: A considerable number of words from Arabic , as well as a minor influence from the Germanic Gothic language through the period of Visigoth rule in Iberia. In addition, many more words were borrowed from Latin through the influence of written language and the liturgical language of the Church. The loanwords were taken from both Classical Latin and Renaissance Latin , the form of Latin in use at that time. According to
762-517: A dramatic change in the pronunciation of its sibilant consonants , known in Spanish as the reajuste de las sibilantes , which resulted in the distinctive velar [x] pronunciation of the letter ⟨j⟩ and—in a large part of Spain—the characteristic interdental [θ] ("th-sound") for the letter ⟨z⟩ (and for ⟨c⟩ before ⟨e⟩ or ⟨i⟩ ). See History of Spanish (Modern development of
889-476: A first language by Spaniards and educated Filipinos ( Ilustrados ). Despite a public education system set up by the colonial government, by the end of Spanish rule in 1898, only about 10% of the population had knowledge of Spanish, mostly those of Spanish descent or elite standing. Spanish continued to be official and used in Philippine literature and press during the early years of American administration after
1016-580: A formal property system where ownership and transactions are clearly recorded. According to de Soto, this is the process by which physical assets are transformed into capital, which in turn may be used in many more ways and much more efficiently in the market economy. A number of Marxian economists have argued that the inclosure acts in England and similar legislation elsewhere were an integral part of capitalist primitive accumulation and that specific legal frameworks of private land ownership have been integral to
1143-423: A large middle class were good for democracy. He also argued that a market economy provided a substitute for government control of the economy, which reduces the risks of tyranny and authoritarianism. In his book The Road to Serfdom (1944), Friedrich Hayek (1899–1992) asserted that the free-market understanding of economic freedom as present in capitalism is a requisite of political freedom . He argued that
1270-505: A large number of sellers nor to a market in final equilibrium . Competition is widespread throughout the market process . It is a condition where "buyers tend to compete with other buyers, and sellers tend to compete with other sellers". In offering goods for exchange, buyers competitively bid to purchase specific quantities of specific goods which are available, or might be available if sellers were to choose to offer such goods. Similarly, sellers bid against other sellers in offering goods on
1397-619: A less protectionist policy, with the 1846 repeal of the Corn Laws and the 1849 repeal of the Navigation Acts . Britain reduced tariffs and quotas , in line with David Ricardo's advocacy of free trade . Broader processes of globalization carried capitalism across the world. By the beginning of the nineteenth century, a series of loosely connected market systems had come together as a relatively integrated global system, in turn intensifying processes of economic and other globalization. Late in
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#17328523456151524-471: A long history in the territory of the current-day United States dating back to the 16th century. In the wake of the 1848 Guadalupe Hidalgo Treaty , hundreds of thousands of Spanish speakers became a minoritized community in the United States. The 20th century saw further massive growth of Spanish speakers in areas where they had been hitherto scarce. According to the 2020 census, over 60 million people of
1651-528: A member of the PCC's central committee who is serving an 18-year sentence for plotting to murder a municipal official, contend that he is a political prisoner who was prosecuted illegitimately. Nearly 7,000 communist militants have been killed since the 1980s. [REDACTED] Media related to Colombian Communist Party at Wikimedia Commons Spanish language This is an accepted version of this page Spanish ( español ) or Castilian ( castellano )
1778-498: A primarily Hassaniya Arabic -speaking territory, Spanish was officially spoken as the language of the colonial administration during the late 19th and 20th centuries. Today, Spanish is present in the partially-recognized Sahrawi Arab Democratic Republic as its secondary official language, and in the Sahrawi refugee camps in Tindouf ( Algeria ), where the Spanish language is still taught as
1905-465: A result of the Industrial Revolution. The accumulation of capital is the primary mechanism through which capitalist economies promote economic growth . However, it is a characteristic of such economies that they experience a business cycle of economic growth followed by recessions. The term "capitalist", meaning an owner of capital , appears earlier than the term "capitalism" and dates to
2032-507: A safe environment for investment and capitalism. Similarly, Suharto 's authoritarian reign and extirpation of the Communist Party of Indonesia allowed for the expansion of capitalism in Indonesia . The term "capitalism" in its modern sense is often attributed to Karl Marx . In his Das Kapital , Marx analyzed the " capitalist mode of production " using a method of understanding today known as Marxism . However, Marx himself rarely used
2159-599: A second language features characteristics involving the variability of the vowel system. While far from its heyday during the Spanish protectorate in Morocco , the Spanish language has some presence in northern Morocco , stemming for example from the availability of certain Spanish-language media. According to a 2012 survey by Morocco's Royal Institute for Strategic Studies (IRES), penetration of Spanish in Morocco reaches 4.6% of
2286-518: A second language, largely by Cuban educators. The number of Spanish speakers is unknown. Spanish is also an official language of the African Union . Spanish was an official language of the Philippines from the beginning of Spanish administration in 1565 to a constitutional change in 1973. During Spanish colonization , it was the language of government, trade, and education, and was spoken as
2413-678: A small scale for centuries in the form of merchant, renting and lending activities and occasionally as small-scale industry with some wage labor. Simple commodity exchange and consequently simple commodity production, which is the initial basis for the growth of capital from trade, have a very long history. During the Islamic Golden Age , Arabs promulgated capitalist economic policies such as free trade and banking. Their use of Indo-Arabic numerals facilitated bookkeeping . These innovations migrated to Europe through trade partners in cities such as Venice and Pisa. Italian mathematicians traveled
2540-516: A social system cannot be said to have existed before that date". England began a large-scale and integrative approach to mercantilism during the Elizabethan Era (1558–1603). A systematic and coherent explanation of balance of trade was made public through Thomas Mun 's argument England's Treasure by Forraign Trade, or the Balance of our Forraign Trade is The Rule of Our Treasure. It was written in
2667-416: Is cognate to the root word of satisfacer ("to satisfy"), and hecho ("made") is similarly cognate to the root word of satisfecho ("satisfied"). Compare the examples in the following table: Some consonant clusters of Latin also produced characteristically different results in these languages, as shown in the examples in the following table: In the 15th and 16th centuries, Spanish underwent
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#17328523456152794-640: Is a Romance language of the Indo-European language family that evolved from the Vulgar Latin spoken on the Iberian Peninsula of Europe . Today, it is a global language with about 500 million native speakers, mainly in the Americas and Spain , and about 600 million when including second language speakers. Spanish is the official language of 20 countries , as well as one of the six official languages of
2921-416: Is a fundamental threat to repressive political leaders and greatly diminishes their power to coerce. Some of Friedman's views were shared by John Maynard Keynes , who believed that capitalism was vital for freedom to survive and thrive. Freedom House , an American think-tank that conducts international research on, and advocates for, democracy, political freedom and human rights , has argued that "there
3048-619: Is a high and statistically significant correlation between the level of political freedom as measured by Freedom House and economic freedom as measured by the Wall Street Journal/Heritage Foundation survey ". In Capital in the Twenty-First Century (2013), Thomas Piketty of the Paris School of Economics asserted that inequality is the inevitable consequence of economic growth in a capitalist economy and
3175-476: Is an accepted version of this page Capitalism is an economic system based on the private ownership of the means of production and their operation for profit . The defining characteristics of capitalism include private property, capital accumulation , competitive markets , price systems , recognition of property rights , self-interest , economic freedom , meritocracy , work ethic , consumer sovereignty , economic efficiency , profit motive ,
3302-449: Is estimated that about 486 million people speak Spanish as a native language , making it the second most spoken language by number of native speakers . An additional 75 million speak Spanish as a second or foreign language , making it the fourth most spoken language in the world overall after English, Mandarin Chinese, and Hindi with a total number of 538 million speakers. Spanish is also
3429-569: Is governed by stable economic laws of its own. In the English language , the term "capitalism" first appears, according to the Oxford English Dictionary (OED), in 1854, in the novel The Newcomes by novelist William Makepeace Thackeray , where the word meant "having ownership of capital". Also according to the OED, Carl Adolph Douai , a German American socialist and abolitionist , used
3556-740: Is heavily influenced by Venezuelan Spanish. In addition to sharing most of its borders with Spanish-speaking countries, the creation of Mercosur in the early 1990s induced a favorable situation for the promotion of Spanish language teaching in Brazil . In 2005, the National Congress of Brazil approved a bill, signed into law by the President , making it mandatory for schools to offer Spanish as an alternative foreign language course in both public and private secondary schools in Brazil. In September 2016 this law
3683-468: Is no competition. A monopoly occurs when a firm has exclusivity over a market. Hence, the firm can engage in rent seeking behaviors such as limiting output and raising prices because it has no fear of competition. Governments have implemented legislation for the purpose of preventing the creation of monopolies and cartels. In 1890, the Sherman Antitrust Act became the first legislation passed by
3810-422: Is no profit in making an article, it is a sign that the labor and capital devoted to its production are misdirected: the value of the resources that must be used up in making the article is greater than the value of the article itself". Socialist theorists note that, unlike mercantilists, capitalists accumulate their profits while expecting their profit rates to remain the same. This causes problems as earnings in
3937-721: Is related to Castile ( Castilla or archaically Castiella ), the kingdom where the language was originally spoken. The name Castile , in turn, is usually assumed to be derived from castillo ('castle'). In the Middle Ages , the language spoken in Castile was generically referred to as Romance and later also as Lengua vulgar . Later in the period, it gained geographical specification as Romance castellano ( romanz castellano , romanz de Castiella ), lenguaje de Castiella , and ultimately simply as castellano (noun). Different etymologies have been suggested for
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4064-806: Is spoken by very small communities in Angola due to Cuban influence from the Cold War and in South Sudan among South Sudanese natives that relocated to Cuba during the Sudanese wars and returned for their country's independence. Spanish is also spoken in the integral territories of Spain in Africa, namely the cities of Ceuta and Melilla and the Canary Islands , located in the Atlantic Ocean some 100 km (62 mi) off
4191-804: Is the de facto national language of the country, Spanish is often used in public services and notices at the federal and state levels. Spanish is also used in administration in the state of New Mexico . The language has a strong influence in major metropolitan areas such as those of Los Angeles , Miami , San Antonio , New York , San Francisco , Dallas , Tucson and Phoenix of the Arizona Sun Corridor , as well as more recently, Chicago , Las Vegas , Boston , Denver , Houston , Indianapolis , Philadelphia , Cleveland , Salt Lake City , Atlanta , Nashville , Orlando , Tampa , Raleigh and Baltimore-Washington, D.C. due to 20th- and 21st-century immigration. Although Spanish has no official recognition in
4318-582: Is to say the appropriation of capital by some to the exclusion of others") and Pierre-Joseph Proudhon in 1861 ("Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labor"). Karl Marx frequently referred to the " capital " and to the "capitalist mode of production" in Das Kapital (1867). Marx did not use the form capitalism but instead used capital , capitalist and capitalist mode of production , which appear frequently. Due to
4445-557: The Spanish as a First Foreign Language (SAFFL) initiative in March 2005. Spanish has historically had a significant presence on the Dutch Caribbean islands of Aruba , Bonaire and Curaçao ( ABC Islands ) throughout the centuries and in present times. The majority of the populations of each island (especially Aruba) speaking Spanish at varying although often high degrees of fluency. The local language Papiamentu (Papiamento on Aruba)
4572-508: The Spanish–American War but was eventually replaced by English as the primary language of administration and education by the 1920s. Nevertheless, despite a significant decrease in influence and speakers, Spanish remained an official language of the Philippines upon independence in 1946, alongside English and Filipino , a standardized version of Tagalog . Spanish was briefly removed from official status in 1973 but reimplemented under
4699-534: The United Nations . Spanish is the world's second-most spoken native language after Mandarin Chinese ; the world's fourth-most spoken language overall after English , Mandarin Chinese, and Hindustani ( Hindi - Urdu ); and the world's most widely spoken Romance language. The country with the largest population of native speakers is Mexico . Spanish is part of the Ibero-Romance language group , in which
4826-740: The World Bank and the IMF ), large institutional investors and a well-funded banking system . A significant managerial class has emerged and decides on a significant proportion of investments and other decisions. A different future than that envisioned by Marx has started to emerge—explored and described by Anthony Crosland in the United Kingdom in his 1956 book The Future of Socialism and by John Kenneth Galbraith in North America in his 1958 book The Affluent Society , 90 years after Marx's research on
4953-410: The neoliberal global economy would have been impossible without the fall of communism . Harvard Kennedy School economist Dani Rodrik distinguishes between three historical variants of capitalism: The relationship between democracy and capitalism is a contentious area in theory and in popular political movements. The extension of adult-male suffrage in 19th-century Britain occurred along with
5080-416: The transatlantic cable , the radiotelephone , the steamship and railways allowed goods and information to move around the world to an unprecedented degree. In the United States, the term "capitalist" primarily referred to powerful businessmen until the 1920s due to widespread societal skepticism and criticism of capitalism and its most ardent supporters. Contemporary capitalist societies developed in
5207-475: The 13th century. Spanish colonialism in the early modern period spurred the introduction of the language to overseas locations, most notably to the Americas. As a Romance language, Spanish is a descendant of Latin. Around 75% of modern Spanish vocabulary is Latin in origin, including Latin borrowings from Ancient Greek. Alongside English and French , it is also one of the most taught foreign languages throughout
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5334-422: The 1620s and published in 1664. European merchants , backed by state controls, subsidies and monopolies , made most of their profits by buying and selling goods. In the words of Francis Bacon , the purpose of mercantilism was "the opening and well-balancing of trade; the cherishing of manufacturers; the banishing of idleness; the repressing of waste and excess by sumptuary laws; the improvement and husbanding of
5461-459: The 16th and 18th centuries. The Industrial Revolution of the 18th century established capitalism as a dominant mode of production , characterized by factory work and a complex division of labor . Through the process of globalization , capitalism spread across the world in the 19th and 20th centuries, especially before World War I and after the end of the Cold War. During the 19th century, capitalism
5588-629: The 18th-century decisively shaped globalization. After the First and Second Opium Wars (1839–60) and the completion of the British conquest of India by 1858, vast populations of Asia became consumers of European exports. Europeans colonized areas of sub-Saharan Africa and the Pacific islands. Colonisation by Europeans, notably of sub-Saharan Africa, yielded valuable natural resources such as rubber , diamonds and coal and helped fuel trade and investment between
5715-404: The 2021–2022 school year alone. The local business process outsourcing industry has also helped boost the language's economic prospects. Today, while the actual number of proficient Spanish speakers is around 400,000, or under 0.5% of the population, a new generation of Spanish speakers in the Philippines has likewise emerged, though speaker estimates vary widely. Aside from standard Spanish,
5842-574: The 20th century, Spanish was introduced to Equatorial Guinea and the Western Sahara , and to areas of the United States that had not been part of the Spanish Empire, such as Spanish Harlem in New York City . For details on borrowed words and other external influences upon Spanish, see Influences on the Spanish language . Spanish is the primary language in 20 countries worldwide. As of 2023, it
5969-402: The 20th century, capitalism overcame a challenge by centrally-planned economies and is now the encompassing system worldwide, with the mixed economy as its dominant form in the industrialized Western world. Industrialization allowed cheap production of household items using economies of scale , while rapid population growth created sustained demand for commodities. The imperialism of
6096-663: The Colombian Conservative Party returned to power in 1946 with Conservative Mariano Ospina Perez winning the presidency. In the mid-1960s the U.S. State Department estimated the party membership to be approximately 13,000, with further support from over 25,000 Colombian citizens. During the events of "La Violencia" and after the development of "La Frente Nacional" (The National Front), the Colombian government continued its repression of communist groups and takeover of land. The PCC became involved with guerrilla groups and local communist militias who continued rebelling against
6223-639: The Equatoguinean education system and is the primary language used in government and business. Whereas it is not the mother tongue of virtually any of its speakers, the vast majority of the population is proficient in Spanish. The Instituto Cervantes estimates that 87.7% of the population is fluent in Spanish. The proportion of proficient Spanish speakers in Equatorial Guinea exceeds the proportion of proficient speakers in other West and Central African nations of their respective colonial languages. Spanish
6350-514: The European imperial powers, their colonies and the United States: The inhabitant of London could order by telephone, sipping his morning tea, the various products of the whole earth, and reasonably expect their early delivery upon his doorstep. Militarism and imperialism of racial and cultural rivalries were little more than the amusements of his daily newspaper. What an extraordinary episode in
6477-499: The FARC in 1993. As a result, a separate Clandestine Colombian Communist Party was officially formed in 2000, though some sort of separate FARC-based internal party structure had been in de facto existence during most of the 1990s. Both organizations have remained completely distinct in their activities, though individual members of both parties may have continued to maintain working relationships on occasion. During most of its history,
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#17328523456156604-691: The Iberian Peninsula. These languages included Proto-Basque , Iberian , Lusitanian , Celtiberian and Gallaecian . The first documents to show traces of what is today regarded as the precursor of modern Spanish are from the 9th century. Throughout the Middle Ages and into the modern era , the most important influences on the Spanish lexicon came from neighboring Romance languages — Mozarabic ( Andalusi Romance ), Navarro-Aragonese , Leonese , Catalan/Valencian , Portuguese , Galician , Occitan , and later, French and Italian . Spanish also borrowed
6731-564: The Mediterranean talking to Arab traders and returned to popularize the use of Indo-Arabic numerals in Europe. The economic foundations of the feudal agricultural system began to shift substantially in 16th-century England as the manorial system had broken down and land began to become concentrated in the hands of fewer landlords with increasingly large estates. Instead of a serf -based system of labor, workers were increasingly employed as part of
6858-529: The Old Spanish sibilants) for details. The Gramática de la lengua castellana , written in Salamanca in 1492 by Elio Antonio de Nebrija , was the first grammar written for a modern European language. According to a popular anecdote, when Nebrija presented it to Queen Isabella I , she asked him what was the use of such a work, and he answered that language is the instrument of empire. In his introduction to
6985-434: The PCC has been the subject of repression and persecution both by private individuals, active and retired government agents and others. The PCC was severely weakened by paramilitary massacres and assassinations from the early 1980s to the mid-1990s. A leading PCC figure, Arturo Díaz García, was assassinated on 21 December 2005 in the corregimiento of Toche in the municipality of Ibagué , Tolima . Supporters of David Ravelo,
7112-536: The PCC may have allegedly tended to follow the changes that developed within the official Soviet line during the Cold War , which the FARC-EP did not consider as strictly binding. After the Berlin Wall fell, confusion among the two sides increased. The principle of the "combination of all forms of struggle" was also brought into question at the time by some members of the PCC and UP leadership. The PCC officially broke with
7239-552: The PCC were known to have undergone training with the East German Ministry of State Security (MfS) ; such courses, provided by the "Task Force of the Minister, Responsibility Special Issues" ("Arbeitsgruppe des Ministers, Aufgabenbereich Sonderfragen"- AGM/S) and additionally accompanied by KGB officers, encompassed a wide range of paramilitary infiltration and sabotage techniques, but no additional details are known. The PCC
7366-580: The Spanish-speaking world, Spanish is called not only español but also castellano (Castilian), the language from the Kingdom of Castile , contrasting it with other languages spoken in Spain such as Galician , Basque , Asturian , Catalan/Valencian , Aragonese , Occitan and other minor languages. The Spanish Constitution of 1978 uses the term castellano to define the official language of
7493-502: The U.S. population were of Hispanic or Hispanic American by origin. In turn, 41.8 million people in the United States aged five or older speak Spanish at home, or about 13% of the population. Spanish predominates in the unincorporated territory of Puerto Rico , where it is also an official language along with English. Spanish is by far the most common second language in the country, with over 50 million total speakers if non-native or second-language speakers are included. While English
7620-470: The United Kingdom (1979–1990). Public and political interest began shifting away from the so-called collectivist concerns of Keynes's managed capitalism to a focus on individual choice , called "remarketized capitalism". The end of the Cold War and the dissolution of the Soviet Union allowed for capitalism to become a truly global system in a way not seen since before World War I . The development of
7747-493: The United States Congress to limit monopolies. Wage labor, usually referred to as paid work, paid employment, or paid labor, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labor power under a formal or informal employment contract . These transactions usually occur in a labor market where wages or salaries are market-determined . In exchange for
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#17328523456157874-532: The West from 1950 to the present and this type of system continues throughout the world—relevant examples started in the United States after the 1950s , France after the 1960s , Spain after the 1970s , Poland after 2015 , and others. At this stage most capitalist markets are considered developed and characterized by developed private and public markets for equity and debt, a high standard of living (as characterized by
8001-451: The administration of Ferdinand Marcos two months later. It remained an official language until the ratification of the present constitution in 1987, in which it was re-designated as a voluntary and optional auxiliary language. Additionally, the constitution, in its Article XIV, stipulates that the Government shall provide the people of the Philippines with a Spanish-language translation of
8128-523: The business of a third party by offering the most favourable terms". It was described by Adam Smith in The Wealth of Nations (1776) and later economists as allocating productive resources to their most highly valued uses and encouraging efficiency . Smith and other classical economists before Antoine Augustine Cournot were referring to price and non-price rivalry among producers to sell their goods on best terms by bidding of buyers, not necessarily to
8255-672: The classic hispanus or hispanicus took the suffix -one from Vulgar Latin , as happened with other words such as bretón (Breton) or sajón (Saxon). Like the other Romance languages , the Spanish language evolved from Vulgar Latin , which was brought to the Iberian Peninsula by the Romans during the Second Punic War , beginning in 210 BC. Several pre-Roman languages (also called Paleohispanic languages )—some distantly related to Latin as Indo-European languages , and some that are not related at all—were previously spoken in
8382-495: The consonant written b (a bilabial with plosive and fricative allophones). In modern Spanish, there is no difference between the pronunciation of orthographic b and v . Typical of Spanish (as also of neighboring Gascon extending as far north as the Gironde estuary , and found in a small area of Calabria ), attributed by some scholars to a Basque substratum was the mutation of Latin initial f into h- whenever it
8509-404: The country's constitution. In recent years changing attitudes among non-Spanish speaking Filipinos have helped spur a revival of the language, and starting in 2009 Spanish was reintroduced as part of the basic education curriculum in a number of public high schools, becoming the largest foreign language program offered by the public school system, with over 7,000 students studying the language in
8636-578: The development of capitalism. Private property rights are not absolute, as in many countries the state has the power to seize private property, typically for public use, under the powers of eminent domain . In capitalist economics, market competition is the rivalry among sellers trying to achieve such goals as increasing profits, market share and sales volume by varying the elements of the marketing mix : price, product, distribution and promotion. Merriam-Webster defines competition in business as "the effort of two or more parties acting independently to secure
8763-754: The development of industrial capitalism and representative democracy became widespread at the same time as capitalism, leading capitalists to posit a causal or mutual relationship between them. However, according to some authors in the 20th-century, capitalism also accompanied a variety of political formations quite distinct from liberal democracies, including fascist regimes, absolute monarchies and single-party states . Democratic peace theory asserts that democracies seldom fight other democracies, but others suggest this may be because of political similarity or stability, rather than because they are "democratic" or "capitalist". Critics argue that though economic growth under capitalism has led to democracy, it may not do so in
8890-634: The distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalism , anarcho-capitalism , state capitalism , and welfare capitalism . Different forms of capitalism feature varying degrees of free markets , public ownership , obstacles to free competition, and state-sanctioned social policies . The degree of competition in markets and
9017-457: The economic progress of man was that age which came to an end in August 1914. From the 1870s to the early 1920s, the global financial system was mainly tied to the gold standard . The United Kingdom first formally adopted this standard in 1821. Soon to follow were Canada in 1853, Newfoundland in 1865, the United States and Germany ( de jure ) in 1873. New technologies, such as the telegraph ,
9144-483: The end of that period. Those groups with more direct relations with the PCC tended to not demobilize, keeping their weapons and organizational structures mostly intact. In 1947, a short-lived Communist Labour Party was formed by former members of the PCC. Later, in 1964, a section of these guerrillas would develop into the Revolutionary Armed Forces of Colombia (FARC-EP), which initially was considered as
9271-399: The era of merchant capitalism and mercantilism as the origin of modern capitalism, although Karl Polanyi argued that the hallmark of capitalism is the establishment of generalized markets for what he called the "fictitious commodities", i.e. land, labor and money. Accordingly, he argued that "not until 1834 was a competitive labor market established in England, hence industrial capitalism as
9398-484: The expense of another state. During the Industrial Revolution , industrialists replaced merchants as a dominant factor in the capitalist system and effected the decline of the traditional handicraft skills of artisans , guilds and journeymen . Industrial capitalism marked the development of the factory system of manufacturing, characterized by a complex division of labor between and within work process and
9525-525: The first time that a member of the PCC had obtained a ministerial position in the Colombian government. During and following the La Violencia civil war that erupted in Colombia from the late 1940s to the mid-1950s, the communists developed organic links to several liberal guerrilla and irregular rural forces, most of whom nominally depended on the official Colombian Liberal Party and eventually demobilized by
9652-661: The following table: Spanish is marked by palatalization of the Latin double consonants ( geminates ) nn and ll (thus Latin annum > Spanish año , and Latin anellum > Spanish anillo ). The consonant written u or v in Latin and pronounced [w] in Classical Latin had probably " fortified " to a bilabial fricative /β/ in Vulgar Latin. In early Spanish (but not in Catalan or Portuguese) it merged with
9779-522: The following: In free market and laissez-faire forms of capitalism, markets are used most extensively with minimal or no regulation over the pricing mechanism. In mixed economies, which are almost universal today, markets continue to play a dominant role, but they are regulated to some extent by the state in order to correct market failures , promote social welfare , conserve natural resources , fund defense and public safety or other rationale. In state capitalist systems, markets are relied upon
9906-466: The former British colony of Belize (known until 1973 as British Honduras ) where English is the sole official language, according to the 2022 census, 54% of the total population are able to speak the language. Due to its proximity to Spanish-speaking countries and small existing native Spanish speaking minority, Trinidad and Tobago has implemented Spanish language teaching into its education system. The Trinidadian and Tobagonian government launched
10033-471: The future as authoritarian régimes have been able to manage economic growth using some of capitalism's competitive principles without making concessions to greater political freedom . Political scientists Torben Iversen and David Soskice see democracy and capitalism as mutually supportive. Robert Dahl argued in On Democracy that capitalism was beneficial for democracy because economic growth and
10160-426: The government and empowered corporations. These groups, known as "peasant leagues", established an interconnected network that coordinated protests and labor strikes, countered state-sanctioned violence, and sought to protect local populations. The state opposed the actions of these groups through military violence in attempt to repress the influence of the PCC. The PCC continued growing in membership and support, even as
10287-584: The grammar, dated 18 August 1492, Nebrija wrote that "... language was always the companion of empire." From the 16th century onwards, the language was taken to the Spanish-discovered America and the Spanish East Indies via Spanish colonization of America . Miguel de Cervantes , author of Don Quixote , is such a well-known reference in the world that Spanish is often called la lengua de Cervantes ("the language of Cervantes"). In
10414-475: The idea that if all participants focus on their own goals, society's well-being will be water under the bridge, Smith maintains that despite the concerns of intellectuals, "global trends will hardly be altered if they refrain from pursuing their personal ends." He insisted that the actions of a few participants cannot alter the course of society. Instead, Smith maintained that they should focus on personal progress instead and that this will result in overall growth to
10541-527: The language is also known as Castilian ( castellano ). The group evolved from several dialects of Vulgar Latin in Iberia after the collapse of the Western Roman Empire in the 5th century. The oldest Latin texts with traces of Spanish come from mid-northern Iberia in the 9th century, and the first systematic written use of the language happened in Toledo , a prominent city of the Kingdom of Castile , in
10668-535: The language's hegemony in an intensely centralising Spanish state were established from the 18th century onward. Other European territories in which it is also widely spoken include Gibraltar and Andorra . Spanish is also spoken by immigrant communities in other European countries, such as the United Kingdom , France , Italy , and Germany . Spanish is an official language of the European Union . Today,
10795-581: The later 1980s. Both organizations had their share of internal debates, for example as to which entity would have greater influence and control over the Unión Patriótica (in the end the PCC accepted FARC supremacy in this regard) during its formation, and later on the issue of continuing to participate in elections as the UP suffered violent suppression (the FARC began to separate itself from legal UP activities starting in 1987). Other disagreements would include that
10922-688: The least corrupt, operates largely under a one-party rule. Furthermore, it does not vigorously defend freedom of expression as evidenced by its government-regulated press , and its penchant for upholding laws protecting ethnic and religious harmony, judicial dignity and personal reputation. The private (capitalist) sector in the People's Republic of China has grown exponentially and thrived since its inception, despite having an authoritarian government. Augusto Pinochet 's rule in Chile led to economic growth and high levels of inequality by using authoritarian means to create
11049-406: The least, with the state relying heavily on state-owned enterprises or indirect economic planning to accumulate capital. Competition arises when more than one producer is trying to sell the same or similar products to the same buyers. Adherents of the capitalist theory believe that competition leads to innovation and more affordable prices. Monopolies or cartels can develop, especially if there
11176-686: The majority of the Spanish speakers live in Hispanic America . Nationally, Spanish is the official language—either de facto or de jure —of Argentina , Bolivia (co-official with 36 indigenous languages), Chile , Colombia , Costa Rica , Cuba , Dominican Republic , Ecuador , El Salvador , Guatemala , Honduras , Mexico (co-official with 63 indigenous languages), Nicaragua , Panama , Paraguay (co-official with Guaraní ), Peru (co-official with Quechua , Aymara , and "the other indigenous languages"), Puerto Rico (co-official with English), Uruguay , and Venezuela . Spanish language has
11303-403: The market mechanism is the only way of deciding what to produce and how to distribute the items without using coercion. Milton Friedman and Ronald Reagan also promoted this view. Friedman claimed that centralized economic operations are always accompanied by political repression . In his view, transactions in a market economy are voluntary and the wide diversity that voluntary activity permits
11430-428: The market, competing for the attention and exchange resources of buyers. Competition results from scarcity , as it is not possible to satisfy all conceivable human wants, and occurs as people try to meet the criteria being used to determine allocation. In the works of Adam Smith, the idea of capitalism is made possible through competition which creates growth. Although capitalism had not entered mainstream economics at
11557-434: The mid-17th century. "Capitalism" is derived from capital , which evolved from capitale , a late Latin word based on caput , meaning "head"—which is also the origin of " chattel " and " cattle " in the sense of movable property (only much later to refer only to livestock). Capitale emerged in the 12th to 13th centuries to refer to funds, stock of merchandise, sum of money or money carrying interest. By 1283, it
11684-424: The money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer. A wage laborer is a person whose primary means of income is from the selling of their labor in this way. The profit motive , in the theory of capitalism, is the desire to earn income in the form of profit. Stated differently,
11811-466: The national government. While many such guerrilla groups disbanded and demobilized during the ceasefire proclaimed by General Gustavo Rojas Pinilla in the early 1950s, various entities continued their mobilization efforts. PCC leadership, joined by guerilla leaders, established las "Fuerzas Armadas Revolucionarias de Colombia—Ejército del Pueblo" or Revolutionary Armed Forces of Colombia (FARC). The PCC would be involved with FARC until 1993. Three members of
11938-711: The northwest of the African mainland. The Spanish spoken in the Canary Islands traces its origins back to the Castilian conquest in the 15th century , and, in addition to a resemblance to Western Andalusian speech patterns, it also features strong influence from the Spanish varieties spoken in the Americas, which in turn have also been influenced historically by Canarian Spanish. The Spanish spoken in North Africa by native bilingual speakers of Arabic or Berber who also speak Spanish as
12065-453: The official armed wing of the Communist party. The PCC leadership mostly operated in the cities during the 1960s and 1970s, but it supported the operations of the FARC, regularly holding solidarity and donation rallies for FARC members and units, as well as occasionally providing other forms of aid (supplies, equipment, intelligence, political cadres or ideological literature). The PCC justified
12192-452: The operations of the guerrillas as the armed component of the fight against capitalism and imperialism in Colombia, while at the same time it continued to participate in legal electoral activities independently. Both activities were considered to have their own place within the so-called "combination of all forms of struggle", a concept often employed by PCC and FARC. Gradually the PCC and FARC-EP grew apart politically, in particular during
12319-636: The other hand, currently uses the term español in its publications. However, from 1713 to 1923, it called the language castellano . The Diccionario panhispánico de dudas (a language guide published by the Royal Spanish Academy) states that, although the Royal Spanish Academy prefers to use the term español in its publications when referring to the Spanish language, both terms— español and castellano —are regarded as synonymous and equally valid. The term castellano
12446-529: The population. Many northern Moroccans have rudimentary knowledge of Spanish, with Spanish being particularly significant in areas adjacent to Ceuta and Melilla. Spanish also has a presence in the education system of the country (through either selected education centers implementing Spain's education system, primarily located in the North, or the availability of Spanish as foreign language subject in secondary education). In Western Sahara , formerly Spanish Sahara ,
12573-475: The previous stage of mercantilism, invested capital in the East India Companies and other colonies, seeking a return on investment . In the mid-18th century a group of economic theorists, led by David Hume (1711–1776) and Adam Smith (1723–1790), challenged fundamental mercantilist doctrines—such as the belief that the world's wealth remained constant and that a state could only increase its wealth at
12700-589: The previous stagnant system of custom and feudal obligation. The economic doctrine prevailing from the 16th to the 18th centuries is commonly called mercantilism . This period, the Age of Discovery , was associated with the geographic exploration of foreign lands by merchant traders, especially from England and the Low Countries . Mercantilism was a system of trade for profit, although commodities were still largely produced by non-capitalist methods. Most scholars consider
12827-491: The reason for a business's existence is to turn a profit. The profit motive functions according to rational choice theory , or the theory that individuals tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profit. In capitalist theoretics, the profit motive is said to ensure that resources are being allocated efficiently. For instance, Austrian economist Henry Hazlitt explains: "If there
12954-435: The rest of society do not increase in the same proportion. The relationship between the state , its formal mechanisms, and capitalist societies has been debated in many fields of social and political theory, with active discussion since the 19th century. Hernando de Soto is a contemporary Peruvian economist who has argued that an important characteristic of capitalism is the functioning state protection of property rights in
13081-517: The resulting concentration of wealth can destabilize democratic societies and undermine the ideals of social justice upon which they are built. States with capitalistic economic systems have thrived under political regimes deemed to be authoritarian or oppressive. Singapore has a successful open market economy as a result of its competitive, business-friendly climate and robust rule of law. Nonetheless, it often comes under fire for its style of government which, though democratic and consistently one of
13208-608: The role of intervention and regulation , as well as the scope of state ownership, vary across different models of capitalism. The extent to which different markets are free and the rules defining private property are matters of politics and policy. Most of the existing capitalist economies are mixed economies that combine elements of free markets with state intervention and in some cases economic planning . Capitalism in its modern form emerged from agrarianism in England , as well as mercantilist practices by European countries between
13335-478: The routine of work tasks; and eventually established the domination of the capitalist mode of production . Industrial Britain eventually abandoned the protectionist policy formerly prescribed by mercantilism. In the 19th century, Richard Cobden (1804–1865) and John Bright (1811–1889), who based their beliefs on the Manchester School , initiated a movement to lower tariffs . In the 1840s Britain adopted
13462-624: The soil; the regulation of prices...". After the period of the proto-industrialization , the British East India Company and the Dutch East India Company , after massive contributions from the Mughal Bengal , inaugurated an expansive era of commerce and trade. These companies were characterized by their colonial and expansionary powers given to them by nation-states. During this era, merchants, who had traded under
13589-440: The state of capitalism in 1867. The postwar boom ended in the late 1960s and early 1970s and the economic situation grew worse with the rise of stagflation . Monetarism , a modification of Keynesianism that is more compatible with laissez-faire analyses, gained increasing prominence in the capitalist world, especially under the years in office of Ronald Reagan in the United States (1981–1989) and of Margaret Thatcher in
13716-528: The term español (Spanish). According to the Royal Spanish Academy, español derives from the Occitan word espaignol and that, in turn, derives from the Vulgar Latin * hispaniolus ('of Hispania'). Hispania was the Roman name for the entire Iberian Peninsula . There are other hypotheses apart from the one suggested by the Royal Spanish Academy. Spanish philologist Ramón Menéndez Pidal suggested that
13843-420: The term "capitalism" by many authors as "mainly rhetorical, functioning less as an actual concept than as a gesture toward the need for a concept". Scholars who are uncritical of capitalism rarely actually use the term "capitalism". Some doubt that the term "capitalism" possesses valid scientific dignity, and it is generally not discussed in mainstream economics , with economist Daron Acemoglu suggesting that
13970-418: The term "capitalism" should be abandoned entirely. Consequently, understanding of the concept of capitalism tends to be heavily influenced by opponents of capitalism and by the followers and critics of Karl Marx. Capitalism, in its modern form, can be traced to the emergence of agrarian capitalism and mercantilism in the early Renaissance , in city-states like Florence . Capital has existed incipiently on
14097-525: The term "capitalism" while it was used twice in the more political interpretations of his work, primarily authored by his collaborator Friedrich Engels . In the 20th century, defenders of the capitalist system often replaced the term "capitalism" with phrases such as free enterprise and private enterprise and replaced "capitalist" with rentier and investor in reaction to the negative connotations associated with capitalism. In general, capitalism as an economic system and mode of production can be summarized by
14224-512: The term "private capitalism" in 1863. There is no universally agreed upon definition of capitalism; it is unclear whether or not capitalism characterizes an entire society, a specific type of social order, or crucial components or elements of a society. Societies officially founded in opposition to capitalism (such as the Soviet Union ) have sometimes been argued to actually exhibit characteristics of capitalism. Nancy Fraser describes usage of
14351-461: The term in his first work, What is Property? (1840), to refer to the owners of capital. Benjamin Disraeli used the term in his 1845 work Sybil . Alexander Hamilton used "capitalist" in his Report of Manufactures presented to the United States Congress in 1791. The initial use of the term "capitalism" in its modern sense is attributed to Louis Blanc in 1850 ("What I call 'capitalism' that
14478-444: The theories of Ramón Menéndez Pidal , local sociolects of Vulgar Latin evolved into Spanish, in the north of Iberia, in an area centered in the city of Burgos , and this dialect was later brought to the city of Toledo , where the written standard of Spanish was first developed, in the 13th century. In this formative stage, Spanish developed a strongly differing variant from its close cousin, Leonese , and, according to some authors,
14605-623: The third most used language on the Internet , after English and Chinese. Spanish is the official language of Spain . Upon the emergence of the Castilian Crown as the dominant power in the Iberian Peninsula by the end of the Middle Ages, the Romance vernacular associated with this polity became increasingly used in instances of prestige and influence, and the distinction between "Castilian" and "Spanish" started to become blurred. Hard policies imposing
14732-414: The time of Smith, it is vital to the construction of his ideal society. One of the foundational blocks of capitalism is competition. Smith believed that a prosperous society is one where "everyone should be free to enter and leave the market and change trades as often as he pleases." He believed that the freedom to act in one's self-interest is essential for the success of a capitalist society. In response to
14859-581: The whole of Spain, in contrast to las demás lenguas españolas (lit. "the other Spanish languages "). Article III reads as follows: El castellano es la lengua española oficial del Estado. ... Las demás lenguas españolas serán también oficiales en las respectivas Comunidades Autónomas... Castilian is the official Spanish language of the State. ... The other Spanish languages shall also be official in their respective Autonomous Communities... The Royal Spanish Academy ( Real Academia Española ), on
14986-410: The word being coined by socialist critics of capitalism, economist and historian Robert Hessen stated that the term "capitalism" itself is a term of disparagement and a misnomer for economic individualism . Bernard Harcourt agrees with the statement that the term is a misnomer, adding that it misleadingly suggests that there is such a thing as " capital " that inherently functions in certain ways and
15113-633: The world. Spanish is well represented in the humanities and social sciences . Spanish is also the third most used language on the internet by number of users after English and Chinese and the second most used language by number of websites after English. Spanish is used as an official language by many international organizations , including the United Nations , European Union , Organization of American States , Union of South American Nations , Community of Latin American and Caribbean States , African Union , among others. In Spain and some other parts of
15240-603: Was a founding member of the Social and Political Front (FSP) party coalition, which later merged into the Alternative Democratic Pole (PDA) alliance. The PCC was expelled from the PDA in August 2012 because of its affiliation to Patriotic March , another political alliance. President-elect Gustavo Petro announced on 6 August 2022 that PCC member Gloria Inés Ramírez would become Colombia's new Minister of Labor . This marked
15367-630: Was developed in the cities of Toledo , in the 13th to 16th centuries, and Madrid , from the 1570s. The development of the Spanish sound system from that of Vulgar Latin exhibits most of the changes that are typical of Western Romance languages , including lenition of intervocalic consonants (thus Latin vīta > Spanish vida ). The diphthongization of Latin stressed short e and o —which occurred in open syllables in French and Italian, but not at all in Catalan or Portuguese—is found in both open and closed syllables in Spanish, as shown in
15494-604: Was distinguished by a heavy Basque influence (see Iberian Romance languages ). This distinctive dialect spread to southern Spain with the advance of the Reconquista , and meanwhile gathered a sizable lexical influence from the Arabic of Al-Andalus , much of it indirectly, through the Romance Mozarabic dialects (some 4,000 Arabic -derived words, make up around 8% of the language today). The written standard for this new language
15621-713: Was followed by a vowel that did not diphthongize. The h- , still preserved in spelling, is now silent in most varieties of the language, although in some Andalusian and Caribbean dialects, it is still aspirated in some words. Because of borrowings from Latin and neighboring Romance languages, there are many f -/ h - doublets in modern Spanish: Fernando and Hernando (both Spanish for "Ferdinand"), ferrero and herrero (both Spanish for "smith"), fierro and hierro (both Spanish for "iron"), and fondo and hondo (both words pertaining to depth in Spanish, though fondo means "bottom", while hondo means "deep"); additionally, hacer ("to make")
15748-418: Was founded as the armed wing of the PCC in 1964, but the two organisations separated in 1993. The Communist Party of Colombia was established in 1930 as the Colombian branch of the Comintern . The party pushed for improved conditions for Colombian laborers and an expansion of rights for the lower classes in Colombian society. Through the PCC, groups of laborers organized to combat the regulations and actions of
15875-553: Was largely unregulated by the state, but became more regulated in the post– World War II period through Keynesianism , followed by a return of more unregulated capitalism starting in the 1980s through neoliberalism . The existence of market economies has been observed under many forms of government and across a vast array of historical periods , geographical locations , and cultural contexts. The modern industrial capitalist societies that exist today developed in Western Europe as
16002-462: Was revoked by Michel Temer after the impeachment of Dilma Rousseff . In many border towns and villages along Paraguay and Uruguay, a mixed language known as Portuñol is spoken. Equatorial Guinea is the only Spanish-speaking country located entirely in Africa, with the language introduced during the Spanish colonial period . Enshrined in the constitution as an official language (alongside French and Portuguese), Spanish features prominently in
16129-759: Was used in the sense of the capital assets of a trading firm and was often interchanged with other words—wealth, money, funds, goods, assets, property and so on. The Hollantse ( German : holländische ) Mercurius uses "capitalists" in 1633 and 1654 to refer to owners of capital. In French, Étienne Clavier referred to capitalistes in 1788, four years before its first recorded English usage by Arthur Young in his work Travels in France (1792). In his Principles of Political Economy and Taxation (1817), David Ricardo referred to "the capitalist" many times. English poet Samuel Taylor Coleridge used "capitalist" in his work Table Talk (1823). Pierre-Joseph Proudhon used
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