During that time, a member of the capitalist class, Andrew Carnegie, argued the opposite: that, in fact, a sound currency was the friend of the common man, while a floating currency often gave speculators and financial sophisticates an unfair advantage.

FORBES: Ask Greek Citizens About Soft (Drachma) Money, And If They Like It

Japan is, moreover, a recognisably capitalist country with a wealth of world-class companies.

ECONOMIST: Buttonwood

Recently another class has started to emerge, in which the state plays the role of a venture capitalist: local governments invest in or create funds that back companies that they hope will bring both jobs and financial returns.

ECONOMIST: Privatisation in China