Corporations are properly associated with mercantilism, rather than capitalism. Mercantilism is a system under which government grants special status to one or more company at the expense of its competitors. The British East India Company, for example, possessed an exclusive, royally-granted 'right' to conduct trade between India and China, on the one hand, and the British Empire for more than 250 years. Private capitalism, by contrast, is a system under which various enterprises compete in the marketplace by offering the highest quality goods and services they can, at the lowest possible prices. Progress occurs as individuals and companies strive to raise quality and lower prices.
L. Neil SmithRelated topics
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The past treatment of Africans must naturally fill them with abhorrence of Christians; lead them to think our religion would make them more inhuman savages, if they embraced it; thus the gain of that trade has been pursued in opposition to the Redeemer's cause, and the happiness of men: Are we not, therefore, bound in duty to him and to them to repair these injuries, as far as possible, by taking some proper measures to instruct, not only the slaves here, but the Africans in their own countries? Primitive Christians laboured always to spread their Divine Religion; and this is equally our duty while there is an Heathen nation: But what singular obligations are we under to these injured people!
Thomas Paine
The British representative was an ambassador, and had a spacious, suitable, and well-furnished house in which he could entertain fitly and largely, and to which the highest Russian officials thought it an honor to be invited. The American representatives were simply ministers; from time immemorial had never had such a house; had generally no adequate place for entertaining; had to live in apartments such as they might happen to find vacant in various parts of the town-sometimes in very poor quarters, sometimes in better; were obliged to furnish them at their own expense; had, therefore, never been able to obtain a tithe of that social influence, so powerful in Russia, which was exercised by the British Embassy.
Andrew Dickson White
It's in human nature to mention any personal connection when offering solidarity, so I shall just briefly say that on my first visit to India, in 1980, I stayed at the Taj Mahal in Bombay, visited the "Gateway of India" and took a boat to Elephanta Island, toured the magnificent railway station, had my first diwali festival at Juhu beach, and paced the amazing corniche that was still known by some-after its dazzling string of lights-as "Queen Victoria's necklace." Wonderful though some of the 19th-century British architecture can be, Bombay is quintessentially an Indian achievement, and an achievement of all its peoples from the Portuguese-speaking Catholic Goans to the Zoroastrian Parsis.
Christopher Hitchens
In February, India and Pakistan agreed to restart peace talks on all issues. In May, Indian parliamentarians visited Islamabad to advance the cause of peace. In July, Foreign Minister Rabbani Khar visited New Delhi. A month later, MPs from both countries met in India to continue deliberations. In September, Pakistani and Indian railway officials met to help boost connectivity and trade," he said at the eight-member regional summit that opened here in Addu. And in the past few days, Pakistan improved trade links by deciding to grant India the status of Most Favoured Nation. Today, the Pakistani and Indian Prime Ministers met in the lovely setting of the Shangri La in the Maldives.
Mohamed Nasheed
(The) pattern of consumption is markedly more equal than in Britain. ‘Prestige-goods' are widely distributed, and there is less conspicuous contrast between the standard of living of different income-groups. To take the most obvious example, almost every family owns a car; and this is significant not only because a car is the most conspicuous of all consumption goods, but also because universal car-ownership leads to the universal consumption of other conspicuous or semi-luxury goods – holidays, hotels, middle-class habits of shopping, etc. But the lack of external class-distinctions can be observed in many other spheres: e.g. clothes, eating-habits, drug-stores, the ownership of consumer durables, and so on.
Anthony Crosland