From the early rise of capitalism, private bankers issued their own currencies, or specie warehouse receipts.

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Under the American form of capitalism, private enterprise is about maximising short-term profits for those who invest.

ECONOMIST: BY INVITATION: The high road that leads out of the Low Countries | The

While the Obama campaign ad seeks to demonize Bain Capital and its founder Mitt Romney, many, including Democrats, have questioned the propriety of this frontal attack on capitalism and private equity.

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