The funny thing about it, is that those who have a dystopic and forked meaning of capitalism, are mostly people from USA. You guys think weirdly about capitalism. You talk about a book definition, meanwhile we had more than I don’t know how many years of capitalism, as capitalism has always be, we always have lived in a capitalistic world. I would argue that before it didn’t have much of a government control, and in fact people would just steal and rob other people. Capitalism is the low of the stronger against the weaker. Capitalism when is in danger becomes fascism. And that’s what we are witnessing today. Just look at the Israel terror state. A country occupying another one with the global consensus and support by the major capitalistic western bullcrappers
Discussion
If you guys want to propose a system which is similar to capitalism you shall change the name. Rebrand it. How can Joe Biden accept he is not a capitalist anymore?? Or Trump?? How are you going to tell them that they are not capitalists??? They themselves define themselves as capitalists, who are you to take this title away from them.
Now…. How is having a dystopic definition of capitalism in his mind? You guys who think capitalism is such a great thing, or Donald trump?
And then another bunch of socialist star using new name for capitalism for their form of socialism and you start tell as to change name again… That is wrong strategi.
Trump is socialist, biden is socialist. They lie about it. That is all. We dont need rename, when they are just liars.
Yea, but this framing of capitalism has been around longer than I have. 100 years ago it was the same situation. Its a broken word.
I'll vote for the name free market, because free is the important bit. Its harder to redefine a word like free.
I don't believe a truly free market is possible either. Just like communism isn't possible. We can at best hope for something closer to a free market.
From my perspective capitalism and free market are not the same.
Capitalism describes the way how we increase our productivity by accumulating more capital and the allocation of resources.
A free market, on the other hand, refers to the unregulated interaction of buyers and sellers where transactions occur without government intervention, price controls, or monopolies.
The combination of these factors, bolstered by hard money, supercharges societal growth.
In contrast, the use of fiat currency and interventionism can disrupt economic dynamics, leading to diminished productivity gains and, in extreme cases, wealth erosion.