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"Capitalism means the ideology (ism) of capital or capitalists. Before Marx came along, the pure free-marketeer Thomas Hodgskin had already used the term capitalism as a pejorative; capitalists were trying to use coercion — the State — to restrict the market. Capitalism, then, does not describe a free market but a form of statism, like communism. Free enterprise can only exist in a free market."

-Samuel Edward Konkin III, An Agorist Primer

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Who, What, When, Where, How, and Why? 1y ago

I love the private ownership of capital. How about you?

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Condor 1y ago

That definition is not capitalism, it's fascism and there is nothing wrong with it. Just some people like to take care of themselves and like a state controlled economy and other like the original capitalism where people can borrow capital of ideas to develop a business.