But Mr Singh has ceded some ground to those who still believe the state should own the means of production.
"I'm very aware as a creative person that those who control the means of production control the creative vision, " he says.
In the Industrial Age, because the corporate bosses owned the means of production, they had the wherewithal to command and control.
When there was a manufacturing based economy, this gave the workers some control over the means of production and therefore, a strong negotiating position.
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In our new wiki world, the primary means for creating economic value has morphed from the means of production to the means of collaboration.
As his ideas about capitalism gelled, Hubbard lamented that the nation was putting more resources into preparing for war than for unleashing the means of production.
And a greater consumer surplus is, by definition, some of that increase in wealth going to the consumers, not the owners of the means of production.
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Mises carried his argument step further, though: he argued that these prices cannot emerge without exchange, and exchange in turn cannot happen without private ownership of the means of production.
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They were the means of production, and wealth generation.
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In our current paradigm, it is normal either for a select few to own the means of production or for a retirement-investing group of people to invest in companies they have no investment in besides money.
When the means of production were expensive and the barriers to entry high, having a dad who owned a newspaper chain or a billboard company was a pretty good way to get a running start in the media business.
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As an initial matter, we note that the record indicates it has become common practice for members of the domestic industry to import the subject merchandise from China as a means of supplementing their domestic production in the market place.
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This all means the production costs of making sweet wine are very high.
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But with the U.S. taking so much of the initial production of H1N1 vaccines produced by traditional means, Adams said he believes there is a significant international demand and his company will be among the suppliers trying to satisfy it.
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The discovery of shale oil means global oil production will not peak in the next 20 years, Mr Birol added.
These forces are, if anything, likely to be more important in the future due to emerging world conditions and the contraction of American military forces to bases in the continental U.S. The discussion also appeared to confirm that the most cost- effective means of assuring the future viability of the manned bomber force would be through continued production of the B-2.
The viruses in flu shots are killed during the production of the vaccine, which means they cannot cause infection.
The ready availability of pipelines in this area means that the company can take any production immediately to market.
Further, world production of sweet light crudes has indeed peaked, which means the imbalance between production capacity and refining capacity will increase.
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An associated reform of China's economy is the creation of more efficient (and ultimately safer and less polluting) means of private production, especially of food.
The basic logic: tight supplies of drives means reduced production of PCs, and lower sales of microprocessors.
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Now that we have a services based economy, it is much easier for capitalists to move their means of production to anywhere in the world that can offer the best return on investment.
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Yet the combination of Europe's high wages and strong currency means that some of Airbus's production will have to move into countries where the currency is linked to the dollar.
The term "Gross" means, that the value added includes the value of fixed capital consumed in the process of production.
If suddenly half of the subscribers go away, that means production budgets get severely cut, quality falls and fewer people want to watch.
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The traditional correlation of business profits with demand for fuel efficient, long haul new aircraft means stabilizing bizjet production in the upcoming year.
Danone said it was taking action to respond to the shortfall in the UK, including increasing production of milk, which means extra supplies of all its brands are arriving every week, according to BBC business correspondent Emma Simpson.
This combination of feeble production and feverish consumption, the argument runs, means that demand for commodities will outpace supply for years to come.
The combination of plentiful monsoon rains and high minimum purchase prices for wheat and rice means the country is forecasting an all-time-high grain production of 250.42 million tons in the crop year ending June 30.
But the new furnace means production capacity at Port Talbot will double to make it capable of making more than four million tonnes of steel a year.
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