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 is considered the founder of modern economics.
    Economics

    Adam Smith: The Father Of Economics

  2. Economics

    The History Of Economic Thought

  3. Personal Finance

    The History Of Capitalism: From Feudalism ...

  4. Personal Finance

    Are We Losing The Middle Class?

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center