A general taxonomy of economic regimes is part of the implications of the definition of capital.
1. The most complete centralism is established by the nationalization of all enterprises.
The permanent financing of a 100% nationalized company is totally quasi-capital.
The danger of centralism is highlighted by Lord Acton's famous phrase :
Power tends to corrupt, and absolute power corrupts absolutely'
2. Private corporate ownership is subject to centralism when the rules of competition are distorted.
The formation of trusts, cartels and holding enterprises, with permanent financing of enterprises of enterprises by quasi-capital and possibly cross-shareholdings, centralizes economic power.
3. The most accomplished liberalism is based on the direct ownership of all enterprises.
In economic liberalism that is not amalgamated with another regime, there is no quasi-capital at all. In such a configuration, inter-company cooperation makes massive use of franchise agreements.
4. Centralism and liberalism are the poles of a typological axis.
Depending on whether the frequency of exclusively direct ownership of a company is greater or less and extends to the largest commercial enterprises, the degree of liberalism is more or less high. The lower the degree of liberalism thus appreciated, the stronger the degree of centralism and vice versa.
5. Another typological criterion of economic regimes is the average capitalization rate of enterprises.
When this rate is below 50%, more credit than capital is used to finance enterprises. The neologisms creditism and créditist can be used to designate this type of economic regime.
Conversely, when the average capitalization rate is above 50%, more capital, and, more or less marginally, quasi-capital than credit participates in the financing of enterprises. The noun "capitalism" and the adjective "capitalist" can be used to designate this economic regime.
6. 6. Creditism and capitalism are the poles of a second typological axis.
The indication of a percentage makes the use of the distinction between creditism and capitalism more precise. Average capitalization rates of 20% or 40% make a credit of 80% or 60%. Average capitalization rates of 60% or 80% make capitalism at 60% or 80%.
7. These considerations lead to a four-class typology of economic regimes.
8. Liberal capitalism is the regime least exposed to crises of financial origin and the most capable of providing full employment
Liberal capitalism is the richest in independence. Its structures provide it with many more watertight bulkheads than any of the other regimes. Is it sufficient, however, to provide full employment more often and for a longer period of time than underemployment? Three other essential criteria come into play: