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Preferred term

cowboy capitalism  

Definition

  • Cowboy capitalism is a term used, primarily by its critics, to describe the free market elements of the American (and, less often, the “Anglo-Saxon”) economy. It has been contrasted both with socialism and with modern European “comfy” capitalism. [Source: Encyclopedia of Business Ethics and Society; Cowboy Capitalism]

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https://concepts.sagepub.com/social-science/concept/cowboy_capitalism

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