Replying to Avatar privatize_universe

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.
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buffalo 2y ago

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.

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bloodymary 2y ago

A free market were people own their means of production!! Yeah that sounding good

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StackSats ⚡️ 2y ago

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.

dd
bloodymary 2y ago

Personally I understand the point, but I don’t see it as being capitalism. It feels more like you are saying, capitalism is broken, so we need to change it!