Replying to Avatar Trivium

We've got alot of education to do...I'll start

capitalism

noun

cap·​i·​tal·​ism ˈka-pə-tə-ˌliz-əm ˈkap-tə-

: an economic system characterized by private ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
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BlueDuckBTC 5mo ago

Capitalism can’t exist in a free market. We got a lot of education to do. Go back and read Adam Smiths work.

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Trivium 5mo ago

I've read The Wealth of Nations and The Theory of Moral Sentiments. I didnt have that as a take-away. Are you thinking of some different?

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BlueDuckBTC 5mo ago

Well, Adam Smith literally states that you need limited government, so yes, that is my take away. Who decides what’s your property and who defends that title for you?

What did Adam Smith warn about with #capitalism?

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Trivium 5mo ago

the word "capitalism." emerged in the 19th century, to describe the economic system that Smith’s ideas in The Wealth of Nations (1776) helped shape. Smith used terms like "commercial society" or "system of natural liberty" to describe a market-driven economy where individuals pursue self-interest under minimal government interference, which aligns with what we now call capitalism.

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BlueDuckBTC 5mo ago

Okay, thank you for some google searches. When you said “minimal government interference” is that free markets?

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Trivium 5mo ago

What i took from smiths description of free market is private ownership. LIMITED government was a prerequisite for him.

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BlueDuckBTC 5mo ago

You are right, but did you see what he warned about with capitalism and “limited” government. But, we cannot ignore that limited is not free.