Subnostr

Can you educate me and name an example of a country today that meets your definition of capitalism? Because I can’t seem to understand why the theoretical definitions matter more than how capitalism plays out in real life. Which does include “socialism” for corporations and people because the “winners” always seem to disrupt the free markets.

When I use the term capitalism I am referring to how it plays out currently in the real world. I haven’t seen it play out any other way.

I tend to think trade in free markets is lumped together with the term for capitalism. And that’s why people get defensive of the concept. But it’s a winner take all model. Eventually competition ends and innovation is stalled. Please correct me if I’m wrong. Tell me a country that practices/supports/thrives under your definition of capitalism.

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Discussion

Comte de Sats Germain 1y ago

The problem with that question is that capitalism is an ideal, where the word is generally taken to mean "perfect competition," and even if we satisfied our current expectations for a capitalist society, we would still have the ideal and fall short of it. And another problem is that a "country" as a political entity is inherently socialist. True capitalism would mean everyone is able to defend their property while no borders exist and no threat of violence is tolerated anywhere. Such could exist in a geographic country, but never in a political country. Its an ideal. This, by the way, is why I think religion is required for capitalism.