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Neo-capitalism is an economic ideology which blends some elements ofcapitalism with other systems.[1] This form of capitalism was new compared to the capitalism in the era beforeWorld War II.[citation needed]
Social and economic ideology that arose in the second half of the 20th century and in which the capitalist doctrine becomes deeper, being based ontechnological revolution and on theinternationalization of the markets.
It is a term used to designate a new form of capitalism that is characterized for correcting its excesses by means of the application of measures that guard over thesocial well-being.
The important aspects include a greateconomic freedom, attaching theprivate property of the industries and companies, moderated with a centralizedeconomic planning, which can include that the state is an owner of some means of production.
It tries to support a balance between theeconomic growth, lower inflation, low levels of unemployment, good conditions of work, social assistance and goodpublic services, across theintervention of the state in the economy.
It arises in the technological companies reconstructed in the postwar period.
One of its more outstanding representatives is theKeynesian economistPaul Samuelson.
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