VetOfTheSeas@discuss.online to Political Memes@lemmy.world · 10 days agoDon't you like capitalism?discuss.onlineimagemessage-square76linkfedilinkarrow-up11.07Karrow-down112
arrow-up11.06Karrow-down1imageDon't you like capitalism?discuss.onlineVetOfTheSeas@discuss.online to Political Memes@lemmy.world · 10 days agomessage-square76linkfedilink
minus-squareSaledovil@sh.itjust.workslinkfedilinkarrow-up4arrow-down1·10 days agoCapitalism refers to economic systems were economic decisions are made by private, rather than public, actors. The free market is a didactic model of a market with no barriers and no information imbalance.
minus-squareTriumph@fedia.iolinkfedilinkarrow-up3arrow-down1·10 days agoCapitalism is where an ownership class undercompensates labor and pockets the spoils.
minus-squareSaledovil@sh.itjust.workslinkfedilinkarrow-up2·9 days agoThat’s a basically inevitable consequence of capitalism, but it’s not part of the definition.
Capitalism refers to economic systems were economic decisions are made by private, rather than public, actors.
The free market is a didactic model of a market with no barriers and no information imbalance.
Capitalism is where an ownership class undercompensates labor and pockets the spoils.
That’s a basically inevitable consequence of capitalism, but it’s not part of the definition.