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168-550: At first the party was leftist, "preaching Marxist revolution." A state leader described the aims of the party and its organ, New Solidarity , as supporting the working class against capitalism , Nelson Rockefeller , and Leonard Woodcock , head of the United Auto Workers . The USLP predicted collapse of the monetary system by November 1976 and thermonuclear war by 1977. It opposed the Rockefeller family and had

336-537: A computer monitor instead of a printer (though the term "TTY" is still occasionally used to refer to them, such as in Unix systems). Teleprinters are still widely used in the aviation industry (see AFTN and airline teletype system ), and variants called Telecommunications Devices for the Deaf (TDDs) are used by the hearing impaired for typed communications over ordinary telephone lines. The teleprinter evolved through

504-489: 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

672-499: A printing telegraph system. Joy Morton needed to determine whether this was worthwhile and so consulted mechanical engineer Charles L. Krum , who was vice president of the Western Cold Storage Company. Krum was interested in helping Pearne, so space was set up in a laboratory in the attic of Western Cold Storage. Frank Pearne lost interest in the project after a year and left to get involved in teaching. Krum

840-415: A "60 speed" machine is geared at 45.5 baud (22.0 ms per bit), a "66 speed" machine is geared at 50.0 baud (20.0 ms per bit), a "75 speed" machine is geared at 56.9 baud (17.5 ms per bit), a "100 speed" machine is geared at 74.2 baud (13.5 ms per bit), and a "133 speed" machine is geared at 100.0 baud (10.0 ms per bit). 60 speed became the de facto standard for amateur radio RTTY operation because of

1008-507: A "FLASH PRIORITY" tape into a reader while it was still coming out of the punch. Routine traffic often had to wait hours for relay. Many teleprinters had built-in paper tape readers and punches, allowing messages to be saved in machine-readable form and edited off-line . Communication by radio, known as radioteletype or RTTY (pronounced ritty ), was also common, especially among military users. Ships, command posts (mobile, stationary, and even airborne) and logistics units took advantage of

1176-477: 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

1344-584: A candidate for the House of Representatives , sued the Mecklenburg County, North Carolina , ABC Board in August 1976, for prohibiting campaigning on their property, which he contended was public property. The North Carolina ACLU joined the suit. The district court judge decided that the activity was protected free speech that could not be prohibited so long as activists did not block doorways. One of

1512-574: A computer, and responses printed. Some teleprinter models could also be used to create punched tape for data storage (either from typed input or from data received from a remote source) and to read back such tape for local printing or transmission. A teleprinter attached to a modem could also communicate through telephone lines . This latter configuration was often used to connect teleprinters to remote computers, particularly in time-sharing environments. Teleprinters have largely been replaced by fully electronic computer terminals which typically have

1680-425: A current to displace the armature of an electromagnet, which moved a marker, therefore recording the breaks in the current. Cooke & Wheatstone received a British patent covering telegraphy in 1837 and a second one in 1840 which described a type-printing telegraph with steel type fixed at the tips of petals of a rotating brass daisy-wheel, struck by an "electric hammer" to print Roman letters through carbon paper onto

1848-793: A different design of teleprinter. In 1944 Kleinschmidt demonstrated their lightweight unit to the Signal Corps and in 1949 their design was adopted for the Army's portable needs. In 1956, Kleinschmidt Labs merged with Smith-Corona , which then merged with the Marchant Calculating Machine Co. , forming the SCM Corporation. By 1979, the Kleinschmidt division was turning to Electronic Data Interchange and away from mechanical products. Kleinschmidt machines, with

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2016-469: A drum. This sequence could also be transmitted automatically upon receipt of an ENQ (control E) signal, if enabled. This was commonly used to identify a station; the operator could press the key to send the station identifier to the other end, or the remote station could trigger its transmission by sending the ENQ character, essentially asking "who are you?" British Creed & Company built teleprinters for

2184-614: A far-left to far-right ideology but by 1977-1978 both organizations (which were really one and the same for all essential purposes) were advocating extreme-right positions. King described a typical post-transition USLP campaign in Lyndon LaRouche and the New American Fascism (Doubleday, 1989): In Baltimore, USLP candidate Debra Freeman appealed openly to racist and anti-Semitic sentiments in her 1978 campaign against incumbent Congressman Parren Mitchell , chairman of

2352-447: A few control characters, such as carriage return and line feed, have retained their original functions (although they are often implemented in software rather than activating electromechanical mechanisms to move a physical printer carriage) but many others are no longer required and are used for other purposes. Some teleprinters had a "Here is" key, which transmitted a fixed sequence of 20 or 22 characters, programmable by breaking tabs off

2520-418: A form of punched tape . The last Silent 700 was the 1987 700/1200 BPS, which was sold into the early 1990s. A global teleprinter network called Telex was developed in the late 1920s, and was used through most of the 20th century for business communications. The main difference from a standard teleprinter is that Telex includes a switched routing network, originally based on pulse-telephone dialing, which in

2688-585: 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

2856-544: A joint strategy against the IRS , but the contact was marked by much mutual suspicion. Carto was troubled by the number of Jews in the U.S. Labor Party, and by their adherence to basic socialist positions, including their support for central banking , while Labor Party members considered people in the Liberty Lobby "red-necks" and "idiots". In 1979, a two-part article by Howard Blum and Paul L. Montgomery appeared in

3024-470: A keyboard, replaced two trained Morse code operators. The teleprinter system improved message speed and delivery time, making it possible for messages to be flashed across a country with little manual intervention. There were a number of parallel developments on both sides of the Atlantic Ocean. In 1835 Samuel Morse devised a recording telegraph, and Morse code was born. Morse's instrument used

3192-423: 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

3360-505: 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

3528-631: 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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3696-415: A letter of the alphabet and when pressed caused the corresponding letter to print at the receiving end. A "shift" key gave each main key two optional values. A 56-character typewheel at the sending end was synchronised to coincide with a similar wheel at the receiving end. If the key corresponding to a particular character was pressed at the home station, it actuated the typewheel at the distant station just as

3864-493: A media source in New York, enabling him to tip off LaRouche about upcoming stories before they became public. In 1979, Frankhouser was also placed on the payroll as a security consultant, having convinced LaRouche that he was actively connected to U.S. intelligence agencies. A government official later said that Frankhouser was one of the few people who could call LaRouche directly. Forrest Lee Fick, an associate of Frankhouser from

4032-423: A moving paper tape. In 1841 Alexander Bain devised an electromagnetic printing telegraph machine. It used pulses of electricity created by rotating a dial over contact points to release and stop a type-wheel turned by weight-driven clockwork; a second clockwork mechanism rotated a drum covered with a sheet of paper and moved it slowly upwards so that the type-wheel printed its signals in a spiral. The critical issue

4200-747: A number of companies in Manhattan: Computron Technologies Corporation, which included Mobil Oil and Citibank among its clients; World Composition Services, which the Times wrote had one of the most advanced typesetting complexes in the city and had the Ford Foundation among its clients; and PMR Associates, a printing shop that produced the party's publications and some high school newspapers (see below ). Blum wrote that, from 1976 onwards, party members were transmitting intelligence reports on left-wing members to

4368-588: A paper ribbon, which was then cut and glued into telegram forms. Siemens & Halske , later Siemens , a German company, founded in 1847. The Teletype Corporation , a part of American Telephone and Telegraph Company 's Western Electric manufacturing arm since 1930, was founded in 1906 as the Morkrum Company. In 1925, a merger between Morkrum and Kleinschmidt Electric Company created the Morkrum-Kleinschmidt Company. The name

4536-487: A paper tape punch ("reperforator") was installed at subscriber newspaper sites. Originally these machines would simply punch paper tapes and these tapes could be read by a tape reader attached to a "Teletypesetter operating unit" installed on a Linotype machine . The "operating unit" was essentially a tape reader which actuated a mechanical box, which in turn operated the Linotype's keyboard and other controls, in response to

4704-566: A patent. In 1924 Britain's Creed & Company , founded by Frederick G. Creed , entered the teleprinter field with their Model 1P, a page printer, which was soon superseded by the improved Model 2P. In 1925 Creed acquired the patents for Donald Murray's Murray code, a rationalised Baudot code. The Model 3 tape printer, Creed’s first combined start-stop machine, was introduced in 1927 for the Post Office telegram service. This machine printed received messages directly on to gummed paper tape at

4872-762: A position within the NDPC and candidates who have run in two or more races, won primaries, or have otherwise gained attention while running NDPC candidates or otherwise identified as "LaRouche Democrats". Capitalism This 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 ,

5040-514: A print head, very similar to the 14 elements on a modern fourteen-segment display , each one selected independently by one of the 14 bits during transmission. Because it does not use a fixed character set, but instead builds up characters from smaller elements, the ETK printing element does not require modification to switch between Latin, Cyrillic, and Greek characters. In 1931, American inventor Edward Kleinschmidt formed Kleinschmidt Labs to pursue

5208-842: A printing telegraph with the Postal Telegraph Company in Boston and New York in 1910. It became popular with railroads, and the Associated Press adopted it in 1914 for their wire service . Morkrum merged with their competitor Kleinschmidt Electric Company to become Morkrum-Kleinschmidt Corporation shortly before being renamed the Teletype Corporation. Italian office equipment maker Olivetti (est. 1908) started to manufacture teleprinters in order to provide Italian post offices with modern equipment to send and receive telegrams. The first models typed on

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5376-581: A rate of 65 words per minute. Creed created his first keyboard perforator, which used compressed air to punch the holes. He also created a reperforator (receiving perforator) and a printer. The reperforator punched incoming Morse signals on to paper tape and the printer decoded this tape to produce alphanumeric characters on plain paper. This was the origin of the Creed High Speed Automatic Printing System, which could run at an unprecedented 200 words per minute. His system

5544-547: A receiving teleprinter to cycle continuously, even in the absence of stop bits. It prints nothing because the characters received are all zeros, the ITA2 blank (or ASCII ) null character . Teleprinter circuits were generally leased from a communications common carrier and consisted of ordinary telephone cables that extended from the teleprinter located at the customer location to the common carrier central office . These teleprinter circuits were connected to switching equipment at

5712-530: A reperforator could be used to make a perforated copy of the message. As there was no longer a direct correlation between the operator's hand movement and the bits transmitted, there was no concern about arranging the code to minimize operator fatigue, and instead Murray designed the code to minimize wear on the machinery, assigning the code combinations with the fewest punched holes to the most frequently used characters . The Murray code also introduced what became known as "format effectors" or " control characters " –

5880-416: A reporter. The magazine won an injunction against the party publications. Lyndon LaRouche, when asked about the matter, said, "I don't know anything about it and I never looked into it, but I do know that the liberal press uses undercover press practices that are abhorrent and beneath description." The U.S. Labor Party had contacts with several notable figures on the extreme right wing of American politics. By

6048-599: A reputation for harassing the Communist Party , the United Auto Workers , and other political foes. In a 1974 interview, the USLP candidate for Governor of Michigan characterized the Watergate scandal as a "deliberate attempt" to discredit Richard Nixon and weaken the presidency. By 1977 the party had shifted from the left to politics of the extreme right, though mixed disparate policies and ideas from both sides made

6216-474: 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

6384-512: 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

6552-401: A security consultant for protection against the assumed assassination threat and to train his security staff. It was WerBell who arranged for LaRouche movement members to undergo anti-terrorist training. John George and Laird Wilcox say WerBell learned that the way to keep "LaRouche on the hook was to feed his monstrous ego while jerking his paranoia chain". Frankhouser cultivated a contact with

6720-428: A series of inventions by a number of engineers, including Samuel Morse , Alexander Bain , Royal Earl House , David Edward Hughes , Emile Baudot , Donald Murray , Charles L. Krum , Edward Kleinschmidt and Frederick G. Creed . Teleprinters were invented in order to send and receive messages without the need for operators trained in the use of Morse code. A system of two teleprinters, with one operator trained to use

6888-686: 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

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7056-528: 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

7224-401: A teleprinter is a simple series DC circuit that is interrupted, much as a rotary dial interrupts a telephone signal. The marking condition is when the circuit is closed (current is flowing), the spacing condition is when the circuit is open (no current is flowing). The "idle" condition of the circuit is a continuous marking state, with the start of a character signalled by a "start bit", which

7392-511: A time if properly lubricated. The Model 15 stands out as one of a few machines that remained in production for many years. It was introduced in 1930 and remained in production until 1963, a total of 33 years of continuous production. Very few complex machines can match that record. The production run was stretched somewhat by World War II—the Model 28 was scheduled to replace the Model 15 in the mid-1940s, but Teletype built so many factories to produce

7560-485: A ton of dynamite in connection with a school bus bombing that left one man dead, and had marched on Fifth Avenue in New York wearing a Gestapo uniform. LaRouche had organized his defense campaign regarding the dynamite charges. Frankhouser asserted he was working for the government and was sentenced to five years of probation instead of the decades in prison he could have received. Frankhouser warned LaRouche in 1977 that, according to his claimed CIA contact "Mr. Ed", he

7728-670: A witness against Rockefeller's nomination. He testified that a USLP survey showed 90 percent of U.S. workers and the unemployed hated Rockefeller. In 1974 the Wisconsin branch of the Labor Party took out a newspaper advertisement announcing that it had filed for an injunction to prevent the CIA , FBI , and the New York Police Department from arresting Lyndon LaRouche (then known as Lyn Marcus) or anyone involved in

7896-416: 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

8064-649: 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

8232-412: Is always a space. Following the start bit, the character is represented by a fixed number of bits, such as 5 bits in the ITA2 code, each either a mark or a space to denote the specific character or machine function. After the character's bits, the sending machine sends one or more stop bits. The stop bits are marking, so as to be distinct from the subsequent start bit. If the sender has nothing more to send,

8400-508: Is because it's a relatively conservative area ... There's more of a tendency for people to support nuclear power." The USLP vice-presidential candidate, Khushro Ghandhi, campaigned in June 1979 and predicted victory based on support from the Teamsters (a faction of the union had ties to LaRouche). Running on a pro-nuclear power platform, Ghandhi said that the recent Three Mile Island accident

8568-486: Is being poured." However, conservative Republicans like President Ford fared better, incongruously so, given the Labor Party's stated left-wing stance. "I call them honest Americans", LaRouche said. He described Ford as "weak but well-meaning" and "a known quantity we can live with". On November 1, the eve of the election, the USLP purchased a half-hour block of time on NBC , the first of many national broadcasts by LaRouche that would follow in election years to come. The time

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8736-588: 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

8904-548: Is much older than the Kleinschmidt and Morkrum inventions. It was already proposed by D'Arlincourt in 1870. Instead of wasting time and money in patent disputes on the start-stop method, Kleinschmidt and the Morkrum Company decided to merge and form the Morkrum-Kleinschmidt Company in 1924. The new company combined the best features of both their machines into a new typewheel printer for which Kleinschmidt, Howard Krum, and Sterling Morton jointly obtained

9072-477: 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

9240-422: 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

9408-456: Is present. Selective fading causes the mark signal amplitude to be randomly different from the space signal amplitude. Selective fading, or Rayleigh fading can cause two carriers to randomly and independently fade to different depths. Since modern computer equipment cannot easily generate 1.42 bits for the stop period, common practice is to either approximate this with 1.5 bits, or to send 2.0 bits while accepting 1.0 bits receiving. For example,

9576-588: 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

9744-570: The Black Congressional Caucus . Freeman, who is white, described Mitchell as a 'house nigger' for Baltimore's 'Zionists' and an example of 'bestiality' in politics....She won more than 11 percent of the vote, doing especially well in several white precincts. The NCLC had used similar language as early as 1974, when an alderman in Madison, Wisconsin, was called a "house nigger" at a city-council meeting. According to Dennis King,

9912-639: The CR (Carriage Return) and LF (Line Feed) codes. A few of Baudot's codes moved to the positions where they have stayed ever since: the NULL or BLANK and the DEL code. NULL/BLANK was used as an idle code for when no messages were being sent. In the United States in 1902, electrical engineer Frank Pearne approached Joy Morton , head of Morton Salt , seeking a sponsor for research into the practicalities of developing

10080-593: The GPO 's teleprinter service. The Gretag ETK-47 teleprinter developed in Switzerland by Edgar Gretener in 1947 uses a 14-bit start-stop transmission method similar to the 5-bit code used by other teleprinters. However, instead of a more-or-less arbitrary mapping between 5-bit codes and letters in the Latin alphabet , all characters (letters, digits, and punctuation) printed by the ETK are built from 14 basic elements on

10248-545: The Mechanics Institute in New York in 1844. Landline teleprinter operations began in 1849, when a circuit was put in service between Philadelphia and New York City. In 1855, David Edward Hughes introduced an improved machine built on the work of Royal Earl House. In less than two years, a number of small telegraph companies, including Western Union in early stages of development, united to form one large corporation – Western Union Telegraph Co. – to carry on

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10416-709: The New York Times that accused LaRouche of running a cult. Blum wrote that LaRouche had turned the U.S. Labor Party—with 1,000 members listed in 37 offices in North America, and 26 in Europe and Latin America—;into an extreme-right, anti-Semitic organization, despite the presence of Jewish members. The Times alleged that members had taken courses in how to use knives and rifles, and had produced reports for South Africa on anti-apartheid groups in

10584-700: 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

10752-410: 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

10920-416: 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

11088-422: 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

11256-464: 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

11424-643: 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

11592-411: The 1975 Model 745 and 1983 Model 707 were even small enough to be sold as portable units. Certain models came with acoustic couplers and some had internal storage, initially cassette tape in the 1973 Models 732/733 ASR and later bubble memory in the 1977 Models 763/765, the first and one of the few commercial products to use the technology. In these units their storage capability essentially acted as

11760-402: 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

11928-486: The 5 bit ITA2 code and generally worked at 60 to 100 words per minute. Later teleprinters, specifically the Teletype Model 33 , used ASCII code, an innovation that came into widespread use in the 1960s as computers became more widely available. "Speed", intended to be roughly comparable to words per minute , is the standard term introduced by Western Union for a mechanical teleprinter data transmission rate using

12096-787: The 5-bit Baudot code and the much later seven-bit ASCII code, there was a six-bit code known as the Teletypesetter code (TTS) used by news wire services. It was first demonstrated in 1928 and began to see widespread use in the 1950s. Through the use of "shift in" and "shift out" codes, this six-bit code could represent a full set of upper and lower case characters, digits, symbols commonly used in newspapers, and typesetting instructions such as "flush left" or "center", and even "auxiliary font", to switch to italics or bold type, and back to roman ("upper rail"). The TTS produces aligned text, taking into consideration character widths and column width, or line length. A Model 20 Teletype machine with

12264-399: The 5-bit ITA2 code that was popular in the 1940s and for several decades thereafter. Such a machine would send 1 start bit, 5 data bits, and 1.42 stop bits. This unusual stop bit time is actually a rest period to allow the mechanical printing mechanism to synchronize in the event that a garbled signal is received. This is true especially on high frequency radio circuits where selective fading

12432-653: The CIA, written memos purporting to be from CIA agents, and warned of imaginary assassination plots against the LaRouches. George and Wilcox called Frankhouser's deception "one of the biggest hoaxes in the annals of political extremism", made possible by what they called LaRouche's "obsession with conspiracy theories " and intelligence gathering. The USLP also had brief contact with the Liberty Lobby led by Willis Carto . Carto had some exploratory talks with LaRouche about

12600-565: The Carter administration. Werbell in turn recruited the chief of police from his town, Powder Springs, Georgia , to set up the security. In 1978, LaRouche began a vigorous USLP campaign for the presidency in 1980, targeting farmers , small businessmen and Teamsters Union members in the Heartland states. In May 1978, USLP Steering Committee member Elliott Eisenberg campaigned in a Chicago suburb, saying that "the reason we picked Schaumburg

12768-494: The Democratic Party, allowing him to occupy a niche with little competition. A number of state and local candidates have been fielded from within the NDPC's ranks over the past several years. Included among them are Mel Klenetsky, LaRouche's campaign manager, who ran for Mayor of New York, and William Wertz who ran for the U.S. Senate from California in 1982." This list includes those who have been identified as holding

12936-527: 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

13104-563: The FBI and local police. In 1977, he wrote, commercial reports on U.S. anti-apartheid groups were prepared by LaRouche members for the South African government, student dissidents were reported to the Shah of Iran's Savak secret police, and the anti-nuclear movement was investigated on behalf of power companies. He also wrote that LaRouche was telling his membership several times a year that he

13272-442: The FBI and other agencies. LaRouche and his associates considered Frankhouser to be a valuable intelligence contact, and took his links to racist and anti-Semitic groups to be a cover for his intelligence work. Frankhouser played into these expectations, misrepresenting himself as a conduit for communications to LaRouche from "Mr. Ed", an alleged CIA contact, who did not exist. Frankhouser was convicted in 1975 of conspiring to sell half

13440-496: The KKK, was added as a consultant in 1982. Fick helped Frankhouser, who was not a competent writer, to compose the memos from "Mr. Ed"; they appeared so authentic that when news about them began to leak out via defectors from LaRouche's security organization, journalists began to speculate about the identity of "Mr. Ed". Frankhouser and Fick later testified that, to justify their $ 700-per-week paychecks, they had invented their connections to

13608-522: 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

13776-581: The Model 15 during World War II, it was more economical to continue mass production of the Model 15. The Model 15, in its receive only, no keyboard, version was the classic "news Teletype" for decades. Several different high-speed printers like the "Ink-tronic" etc. Texas Instruments developed its own line of teletypes in 1971, the Silent 700 . Their name came from the use of a thermal printer head to emit copy, making them substantially quieter than contemporary teletypes using impact printing , and some such as

13944-626: The Morkrum Printing Telegraph. In 1916, Edward Kleinschmidt filed a patent application for a typebar page printer. In 1919, shortly after the Morkrum company obtained their patent for a start-stop synchronizing method for code telegraph systems, which made possible the practical teleprinter, Kleinschmidt filed an application titled "Method of and Apparatus for Operating Printing Telegraphs" which included an improved start-stop method. The basic start-stop procedure, however,

14112-499: The NDPC is a source of considerable dismay within the Democratic National Committee, with which it is often confused. It also indicates LaRouche's new strategy, which is to represent himself as a "conservative Democrat." In fact, it is merely the successor of the now defunct U.S. Labor Party as LaRouche's political arm. and is regarded as the successor to the USLP. LaRouche's politics were not shared by many in

14280-540: The TWX service was provided by the same telephone central office that handled voice calls, using class of service to prevent POTS customers from connecting to TWX customers. Telex is still in use in some countries for certain applications such as shipping, news, weather reporting and military command. Many business applications have moved to the Internet as most countries have discontinued telex/TWX services. In addition to

14448-537: The Teletype Corporation ceased in 1990, bringing to a close the dedicated teleprinter business. Despite its long-lasting trademark status, the word Teletype went into common generic usage in the news and telecommunications industries. Records of the United States Patent and Trademark Office indicate the trademark has expired and is considered dead. Teletype machines tended to be large, heavy, and extremely robust, capable of running non-stop for months at

14616-534: The U.S. Labor Party's strategies focused on disrupting other left-wing groups, with questionable success. William Chapman wrote in The Washington Post in September 1976 that several public figures on the left had reported threats and intimidation, and said those responsible had identified themselves as members of LaRouche's NCLC or U.S. Labor Party. The linguist and political activist Noam Chomsky

14784-663: The USLP as "a virulently anti-Semitic outgrowth of the Students for a Democratic Society (SDS)" which used the Fusion Energy Foundation as a front to "win the confidence of unsuspecting businessmen". Washington Post columnist Richard Cohen wrote that the USLP began "on the political left but has since gone so far in the opposite direction that to call it politically right is to slander the entire conservative movement". Labor-union journalist Victor Riesel , while writing of "anti-capitalistic movements, ranging all

14952-560: The USLP chairman advocated launching ABC (atomic, biological and chemical) warfare against the Soviet Union as well as the military crushing of Britain (which his newspaper described as the headquarters of the "Zionist-British organism"). After the 1980 campaign, LaRouche established the National Democratic Policy Committee as a vehicle for his and his followers, candidacies." Claiming 2,600 members,

15120-470: 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

15288-503: 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

15456-410: The United States was provided by Western Union. AT&T developed a competing network called " TWX " which initially also used rotary dialing and Baudot code, carried to the customer premises as pulses of DC on a metallic copper pair. TWX later added a second ASCII-based service using Bell 103 type modems served over lines whose physical interface was identical to regular telephone lines. In many cases,

15624-463: The United States. A farm in upstate New York was allegedly being used for guerrilla training, attended by LaRouche members from Germany and Mexico. Several members also underwent a six-day anti-terrorist training course, at a cost of $ 200 per person per day, at a camp in Powder Springs, Georgia , run by WerBell. The Times reported that U.S. Labor Party members were playing a dominant role in

15792-543: 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

15960-550: The ability of operators to send reliable and accurate information with a minimum of training. Amateur radio operators continue to use this mode of communication today, though most use computer-interface sound generators, rather than legacy hardware teleprinter equipment. Numerous modes are in use within the "ham radio" community, from the original ITA2 format to more modern, faster modes, which include error-checking of characters. A typewriter or electromechanical printer can print characters on paper, and execute operations such as move

16128-483: The broadcast. LaRouche's name was on the ballot in 23 states plus the District of Columbia on November 2, 1976. He received 40,043 votes (0.05%). U.S. Labor Party candidates sometimes received unusually high vote totals in comparison with those garnered by other small ideologically-based parties. Following the election, the USLP brought lawsuits in three states challenging Carter's victory. The Republican Party joined

16296-529: 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

16464-538: The business of telegraphy on the Hughes system. In France, Émile Baudot designed in 1874 a system using a five-unit code, which began to be used extensively in that country from 1877. The British Post Office adopted the Baudot system for use on a simplex circuit between London and Paris in 1897, and subsequently made considerable use of duplex Baudot systems on their Inland Telegraph Services. During 1901, Baudot's code

16632-462: The carriage back to the left margin of the same line ( carriage return ), advance to the same column of the next line ( line feed ), and so on. Commands to control non-printing operations were transmitted in exactly the same way as printable characters by sending control characters with defined functions (e.g., the line feed character forced the carriage to move to the same position on the next line) to teleprinters. In modern computing and communications

16800-488: The central office for Telex and TWX service. Private line teleprinter circuits were not directly connected to switching equipment. Instead, these private line circuits were connected to network hubs and repeaters configured to provide point to point or point to multipoint service. More than two teleprinters could be connected to the same wire circuit by means of a current loop . Earlier teleprinters had three rows of keys and only supported upper case letters. They used

16968-529: The city council won 27 percent of the vote, with another candidate who ran for city treasurer garnering 20 percent. In an appearance on Meet the Press with other minor party candidates in October 1976, LaRouche predicted monetary collapse followed by thermonuclear war before summer if Jimmy Carter were elected. LaRouche also described Carter as "a nitwit to begin with, an empty slop jar into which bad lemonade

17136-546: The country having their speaking tours disrupted. Environmentalist Lester Brown was accused of genocide and told he would be hanged from a lamppost. LaRouche was asked how he expected a party with a five-year record of harassment and threats to win the election; he did not deny the incidents, but replied, "We are only engaged in an open political attack. We just want to challenge them in debate." He denied however that anyone had been threatened with physical harm: "Sure, we're going to get them – but politically." The U.S. Labor Party

17304-578: 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

17472-754: 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

17640-634: 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

17808-408: 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 ,

17976-399: 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

18144-493: 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

18312-522: 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

18480-477: 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

18648-475: 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

18816-468: The late 1830s and 1840s, then using simpler Morse key equipment and telegraph operators . The introduction of teleprinters automated much of this work and eventually largely replaced skilled operators versed in Morse code with typists and machines communicating faster via Baudot code . With the development of early computers in the 1950s, teleprinters were adapted to allow typed data to be sent to

18984-603: The late 1970s, members were exchanging almost daily information with Roy Frankhouser , a government informant and infiltrator of both far right and far left groups who was involved with the Ku Klux Klan and the American Nazi Party . The LaRouche organization believed Frankhouser to be a federal agent who had been assigned to infiltrate right-wing and left-wing groups, and that he had evidence that these groups were actually being manipulated or controlled by

19152-696: 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

19320-406: 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

19488-405: The line simply remains in the marking state (as if a continuing series of stop bits) until a later space denotes the start of the next character. The time between characters need not be an integral multiple of a bit time, but it must be at least the minimum number of stop bits required by the receiving machine. When the line is broken, the continuous spacing (open circuit, no current flowing) causes

19656-403: 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

19824-428: 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

19992-434: 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

20160-443: The military as their primary customer, used standard military designations for their machines. The teleprinter was identified with designations such as a TT-4/FG, while communication "sets" to which a teleprinter might be a part generally used the standard Army/Navy designation system such as AN/FGC-25. This includes Kleinschmidt teleprinter TT-117/FG and tape reperforator TT-179/FG. Morkrum made their first commercial installation of

20328-424: 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,

20496-415: The movement's kidnapping of Christopher White, who had married LaRouche's former common-law wife. According to detailed descriptions by LaRouche, White had been brainwashed by the CIA and KGB to kill him. The advertisement further reported that the movement had found a cure for psychosis and encouraged mental health professionals to contact them to develop this discovery. USLP member Harley Schlanger,

20664-465: The nature of ionospheric propagation kept many users at 60 and 66 speed. Most audio recordings in existence today are of teleprinters operating at 60 words per minute, and mostly of the Teletype Model 15. Another measure of the speed of a teletypewriter was in total "operations per minute (OPM)". For example, 60 speed was usually 368 OPM, 66 speed was 404 OPM, 75 speed was 460 OPM, and 100 speed

20832-459: The party overall syncretic. The U.S. Labor Party was noted for its controversial campaign tactics, and its invective campaigns against other politicians. Nelson Rockefeller , the former Governor of New York who was nominated to be vice president by Gerald Ford in 1974, was an early target of the USLP's attention. During the Senate's confirmation hearings, LaRouche appeared on behalf of the USLP as

21000-470: The party was funded by members' dues, other small contributions, and the sale of publications like The Campaigner and New Solidarity – one a theoretical journal, the other a twice-weekly newspaper. The party fielded candidates in local and congressional elections, generally garnering only insignificant percentages of the popular vote; but there were exceptions – in Seattle , a Labor Party member running for

21168-452: The policy of James R. Schlesinger , for an early nuclear confrontation with Moscow, and exposed the genocidal policies which key Carter backers, such as George Ball , had publicly demanded as measures for drastic population reduction of nations such as Mexico . More broadly, I presented a policy of international monetary reform, as alternative to a deepening crisis in the developing sector... NBC reported receiving hundreds of calls protesting

21336-488: The practical teleprinter. In 1908, a working teleprinter was produced by the Morkrum Company (formed between Joy Morton and Charles Krum), called the Morkrum Printing Telegraph, which was field tested with the Alton Railroad. In 1910, the Morkrum Company designed and installed the first commercial teletypewriter system on Postal Telegraph Company lines between Boston and New York City using the "Blue Code Version" of

21504-484: 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

21672-599: 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

21840-514: The public telephone network ( telex ), and radio and microwave links (telex-on-radio, or TOR). There were at least five major types of teleprinter networks: Before the computer revolution (and information processing performance improvements thanks to Moore's law ) made it possible to securely encrypt voice and video calls , teleprinters were long used in combination with electromechanical or electronic cryptographic devices to provide secure communication channels . Being limited to text only

22008-491: 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

22176-435: 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

22344-517: 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

22512-613: 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

22680-486: 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

22848-424: The same character moved into the printing position, in a way similar to the (much later) daisy wheel printer . It was thus an example of a synchronous data transmission system. House's equipment could transmit around 40 instantly readable words per minute, but was difficult to manufacture in bulk. The printer could copy and print out up to 2,000 words per hour. This invention was first put in operation and exhibited at

23016-652: 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

23184-440: 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

23352-667: The suits in Ohio and New York. Regional coordinator Paul Greenberg sought a recount in Milwaukee, saying "the election has actually been stolen — the actual winner was probably Jerry Ford." For more information on LaRouche's 1976 presidential campaign and the movement's legal disputes with the FEC, see Lyndon LaRouche U.S. Presidential campaigns . In August 1977, the USLP said that the Federal Election Commission (FEC)

23520-403: The teleprinter network, handling weather traffic, extended over 20,000 miles, covering all 48 states except Maine, New Hampshire, and South Dakota. Teleprinters could use a variety of different communication channels. These included a simple pair of wires, public switched telephone networks , dedicated non-switched telephone circuits (leased lines), switched networks that operated similarly to

23688-420: 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

23856-418: 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

24024-525: 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

24192-518: 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

24360-466: 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

24528-414: 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

24696-617: The way from the Communist Party U.S.A. to the Trotskyite Socialist Workers' Party", said in 1976 "the most extreme activists in this sprawling radicalism are the youthful U.S. Labor Party". Civil Rights activist Julian Bond called the party "a group of leftwing fascists". LaRouche critic and biographer Dennis King says that when the USLP sponsored LaRouche's 1976 campaign, the NCLC was still in transition from

24864-429: The whole. Teleprinter A teleprinter ( teletypewriter , teletype or TTY ) is an electromechanical device that can be used to send and receive typed messages through various communications channels, in both point-to-point and point-to-multipoint configurations. Initially, from 1887 at the earliest, teleprinters were used in telegraphy . Electrical telegraphy had been developed decades earlier in

25032-432: The widespread availability of equipment at that speed and the U.S. Federal Communications Commission (FCC) restrictions to only 60 speed from 1953 to 1972. Telex, news agency wires and similar services commonly used 66 speed services. There was some migration to 75 and 100 speed as more reliable devices were introduced. However, the limitations of HF transmission such as excessive error rates due to multipath distortion and

25200-410: 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

25368-461: Was 600 OPM. Western Union Telexes were usually set at 390 OPM, with 7.0 total bits instead of the customary 7.42 bits. Both wire-service and private teleprinters had bells to signal important incoming messages and could ring 24/7 while the power was turned on. For example, ringing 4 bells on UPI wire-service machines meant an "Urgent" message; 5 bells was a "Bulletin"; and 10 bells was a FLASH, used only for very important news. The teleprinter circuit

25536-546: Was accused of working for the CIA and being a tool of the Rockefellers; meetings he addressed were disrupted, and threats were made. The philosopher Paul Kurtz , editor of The Humanist , was asked during his lectures at the State University of New York why he was practicing genocide. According to Chapman, sociologists Richard Cloward and Frances Fox Piven , specialists on urban poverty, were followed around

25704-688: Was adopted by the Daily Mail for daily transmission of the newspaper's contents. The Creed Model 7 page printing teleprinter was introduced in 1931 and was used for the inland Telex service. It worked at a speed of 50 baud, about 66 words a minute, using a code based on the Murray code. A teleprinter system was installed in the Bureau of Lighthouses , Airways Division, Flight Service Station Airway Radio Stations system in 1928, carrying administrative messages, flight information and weather reports. By 1938,

25872-545: Was an acceptable trade-off for security. Most teleprinters used the 5- bit International Telegraph Alphabet No. 2 (ITA2). This was limited to 32 codes (2 = 32). One had to use "FIGS" (for "figures") and "LTRS" (for "letters") keys to shift state , for a combined character set sufficient to type both letters and numbers, as well as some special characters. (The letters were uppercase only.) Special versions of teleprinters had FIGS characters for specific applications, such as weather symbols for weather reports. Print quality

26040-401: Was being considered for assassination , and introduced him to Mitchell WerBell III , a noted Office of Strategic Services (OSS) and Central Intelligence Agency (CIA) operative, mercenary, operator of a counterterrorism school, accused drug trafficker, firearms engineer, and arms dealer who said he had an ongoing connection to the CIA. LaRouche developed close ties with WerBell, hiring him as

26208-710: Was being targeted for assassination, including by the Queen, "big-time Zionist mobsters," the Council on Foreign Relations, the Justice Department, and the Mossad. LaRouche denied the newspaper's charges, and said he had filed a $ 100 million libel suit. His press secretary said the series was intended "to set up a credible climate for an assassination hit". The USLP has also been called a "radical and cult-like group". Milton Copulos of The Heritage Foundation described

26376-706: Was changed in December 1928 to Teletype Corporation. In 1930, Teletype Corporation was purchased by the American Telephone and Telegraph Company and became a subsidiary of Western Electric . In 1984, the divestiture of the Bell System resulted in the Teletype name and logo being replaced by the AT&;T name and logo, eventually resulting in the brand being extinguished. The last vestiges of what had been

26544-503: Was intentionally harassing the group as a result of a determination that forgiven debts were the equivalent of campaign contributions. The same month the USLP hired a former OSS and CIA operative, mercenary, firearms engineer and arms dealer, Colonel Mitch WerBell , to protect LaRouche. They said that LaRouche, then living in Wiesbaden , Germany, was being targeted for assassination by the "Baader-Meinhof Gang" , allegedly on behalf of

26712-560: 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

26880-416: Was modified by Donald Murray (1865–1945, originally from New Zealand), prompted by his development of a typewriter-like keyboard. The Murray system employed an intermediate step, a keyboard perforator, which allowed an operator to punch a paper tape , and a tape transmitter for sending the message from the punched tape. At the receiving end of the line, a printing mechanism would print on a paper tape, and/or

27048-413: Was often linked to a 5-bit paper tape punch (or "reperforator") and reader, allowing messages received to be resent on another circuit. Complex military and commercial communications networks were built using this technology. Message centers had rows of teleprinters and large racks for paper tapes awaiting transmission. Skilled operators could read the priority code from the hole pattern and might even feed

27216-501: Was ordered by Energy Secretary James R. Schlesinger in order to create a false energy crisis. By late summer of 1979 the NCLC and LaRouche had decided to join the Democratic Party so that LaRouche could run for that party's presidential nomination, and the U.S. Labor Party was disbanded. In 1982 the USLP was sued for $ 1.5 million in damages by U.S. News & World Report when one of its employees allegedly impersonated

27384-521: Was poor by modern standards. The ITA2 code was used asynchronously with start and stop bits : the asynchronous code design was intimately linked with the start-stop electro-mechanical design of teleprinters. (Early systems had used synchronous codes, but were hard to synchronize mechanically). Other codes, such as FIELDATA and Flexowriter , were introduced but never became as popular as ITA2. Mark and space are terms describing logic levels in teleprinter circuits. The native mode of communication for

27552-419: Was prepared to continue Pearne’s work, and in August, 1903 a patent was filed for a ' typebar page printer'. In 1904, Krum filed a patent for a 'type wheel printing telegraph machine' which was issued in August, 1907. In 1906 Charles Krum's son, Howard Krum, joined his father in this work. It was Howard who developed and patented the start-stop synchronizing method for code telegraph systems, which made possible

27720-475: Was purchased over the objection of the network which unsuccessfully appealed the last-minute purchase to the Federal Election Commission . During the broadcast, which ran opposite a similar advertisement from Carter on another network, LaRouche said that Carter would have the U.S "irreversibly committed to nuclear war by no later than the Summer of 1977" if elected. According to LaRouche's autobiography, he ...blew

27888-486: Was to have the sending and receiving elements working synchronously. Bain attempted to achieve this using centrifugal governors to closely regulate the speed of the clockwork. It was patented, along with other devices, on April 21, 1841. By 1846, the Morse telegraph service was operational between Washington, D.C., and New York. Royal Earl House patented his printing telegraph that same year. He linked two 28-key piano-style keyboards by wire. Each piano key represented

28056-763: 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

28224-460: Was well financed, operating from the top floor of a building in New York's garment district. A teletype network connected the New York office to branches in a further 13 U.S. cities, and also included a two-way, 24-hour link to Wiesbaden , Germany. Membership was small, ranging from 20 to 100 people per city, with a core of 1,000 to 1,800 members; according to LaRouche, these were complemented by another 13,000 part-time party organizers. LaRouche said

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