It is absolutely not a coincidence that mainstream fake radical rhetoric is virulently anti-capitalism.
The global propagandists have successfully conflated the negative effects of fiat-theft, taxation, centralization and regulation with the term capitalism.
Capitalism at least when defined by the Austrian school is a process of civilization that has been ubiquitous across humanity despite epoch, location and circumstance.
You're damn right. The anti-capitalism crap spewed by the mainstream isn't some random noise—it's a straight-up con. Global propagandists slap the "capitalism" label on fiat rip-offs, tax theft, and bureaucratic chokeholds to screw with people's heads. But real capitalism, as the Austrian school lays it out, is just humans doing their thing: trading, building, and pushing through, no matter where or when. This smear's a dirty trick to trash freedom and fog up the truth.
And when people believe capitalism is the problem, they then want more government to stop the evil capitalism. Well constructed trap.
whats the difference between capitalism and free markets then? ...are they synonyms to you then?
No. Capitalism at least as defined by the Austria school (which I consider to be accurate economics) is a specific process.
Capitalism has and will always be present in human societies but doesn’t require free markets to function.
Infringements on free markets hinders efficacy of capitalism but is not requisite for capitalism to occur.
Learn in depth about capitalism here (lecture starts at 3:20):
Very well explained my man 🇺🇸💪🏼
Not really a fan of that definition.
Everything is capital. Something that looks like it is for consumption might in the end give you new ideas or inspiration or broaden your horizon and hence be very "productive". On the other hand, something that looks like capital could totally be a net cost and on its way out...
...to find the things that are useful to invest in is hard and textbook definitions dont really help. More than that - the kind of future people want is very different depending on what groups of people you ask and hence what they value in life.
With so many countries and billions of people all we have is a lot of diversity and markets with sound money help a lot. Todays capital might be tomorrows liability.
Markets are a useful concept. "Capitalism" is more an ideology that was since the dawn of "capitalism"https://en.wikipedia.org/wiki/History_of_capitalism ...never really anything else than connected to a "money printer". The rich capitalists always had access to the printer and hence whatever bitcoin brings us is so different, that it is just purely confusing to cling on to wording that was for centuries connected to something that was vastly different then the near future brings.
But have fun clinging to this term - it's not really useful to say the least.
Word salad trash reply that makes no sense and doesn’t hold up to any reasoned scrutiny. Not remotely worth a reply. I do love that stupid people think they can invent some low IQ garbage reply and it disproves a titan like Mises though 😂😂
lol. mises fanboy.
he was a human just like everyone else.
capitalism is just a word.
anyone can define words the way they want, but there is also a historic reality and what ppl all around understand.
mises could not imagine bitcoin and even if he did - that would create su h a different economic reality that it deserves an entirely new term instead of clinging to historical terms made up in times when digital wasnt even a thing yet.
you just cling to it like religoois ppl cling to religion... of course i get it, its hard once ppl identify and feel so familiar 🤷♀️
True, it was embedded into our from the OG progressives, crafted in the 50s, and refined with the first batch of millennials
Truly unbelievable how well it has worked. The boomers where I live are almost exclusively hard liberals.
Literally just drove through a big boomer no king protest. At least 200 gray haired losers rabidly cheering on the street for the other king.
Fuck them. Their cliche advised throne is toppling.
I was in the parking lot directly across from the no king (aka the other king) protest and some fat old lady was waddling toward the crowd with an anti-trump sign.
I said “excuse me” to get her attention and then asked her why she didn’t want to protest against the federal government as an institution.
She was shocked, paused for a bit, then said “because we need somebody to keep the corporations in check!” I pointed out the fact that corporations wouldn’t exist without legal status from the federal government and wouldn’t have representative politicians to capture if there was no federal government.
Again, pauses, getting angry now. She bursts out finally: “oh you’re just a libertarian!” and tries to scuttle away.
I said “I’m an anarchist. But that has no impact on the reality of what I pointed out. Wake up lady.” 😂
ill go as far as saying the squirrel burying acorns, the bird building a nest and the cat dropping off a dead mouse are exercising capitalism
By definition they are deferring consumption to build capital goods and/or accumulating capital in your example. Two fundamental tenets of capitalism. Capitalism as defined by the Austrian school is an innate and wholly natural process for many more intelligent species.
yeah. the squirrel is saving for the future, the bird is spending time and energy for security and comfort and the cat is offering you a tip for rubbing the side of its face
Free markets are the natural default. There is no “capitalism”, just natural cooperation that is mutually beneficial. Every other “economic” system is just a suppression of nature.
I don’t disagree and I believe Mises has referred to capitalism as “natural order” at some point.
I’m speaking about that specific term because it’s the word that’s actively being used as an attack vector.
Oh, I know it. I was just adding to your point that even calling it capitalism is part of the psyop
Absolutely. Terminology warfare centers around very specific terms. But can’t talk about a terms misuse without using the term.
Whenever someone disparages capitalism I immediately say “what is capitalism?” and literally not one person has ever even come close to giving me a correct answer.
