Anglo-Saxon Capitalism

AAA

DEFINITION of 'Anglo-Saxon Capitalism'

A form of capitalism that is usually associated with the United Kingdom and the United States, but also characterizes the economies of such countries as Canada, Australia, New Zealand and Ireland. It traditionally has heightened free-market tendencies, characterized by less regulated financial and labor markets. It differs from its counterpart, continental capitalism, which is more state-controlled and focused on wealth redistribution. Most of the countries in continental Europe including France, Italy and Germany possess a form of the continental economic model.

INVESTOPEDIA EXPLAINS 'Anglo-Saxon Capitalism'

Advocates of the Anglo-Saxon economic model argue that it encourages innovation and creates competitive advantages that promote greater overall prosperity. Those who support the continental model maintain that it produces less inequality and poverty at the lowest margins of a society.

RELATED TERMS
  1. Capitalism

    A system of economics based on the private ownership of capital ...
  2. Invisible Hand

    A term coined by economist Adam Smith in his 1776 book "An Inquiry ...
  3. Laissez Faire

    An economic theory from the 18th century that is strongly opposed ...
  4. Monetary Policy

    The actions of a central bank, currency board or other regulatory ...
  5. Free Market

    A market economy based on supply and demand with little or no ...
  6. Free Enterprise

    An economic system where few restrictions are placed on business ...
Related Articles
  1. Adam Smith: The Father Of Economics
    Economics

    Adam Smith: The Father Of Economics

  2. The History Of Economic Thought
    Economics

    The History Of Economic Thought

  3. The History Of Capitalism: From Feudalism ...
    Personal Finance

    The History Of Capitalism: From Feudalism ...

  4. Are We Losing The Middle Class?
    Personal Finance

    Are We Losing The Middle Class?

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center