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Because the person I was responding to was saying that capitalism didn't include a group of "loosely affiliated" people competing for business. It obviously doe
by merpnderp 11y ago
Because the person I was responding to was saying that capitalism didn't include a group of "loosely affiliated" people competing for business. It obviously does.
State Capitalism would be if the government started a dentist company and, in this case, didn't offer new services in order to keep the profits artificially high.
- stevetrewick 11y agoIt's not even remotely obvious that capitalism must include any competition. You might try reading the Wikipedia entry you linked.
- merpnderp 11y agoMaybe to a pedant. But in the common usage of the term it is interchangeable with a free market, where competition is always allowed.
- mikeash 11y agoIsn't it pedantry when a person links to Wikipedia and insists on using the meanings therein?
- merpnderp 11y agoYeah, because capitalism means socialism, right? That's what state capitalism is, so let's just use the same word for both, then everyone will be on the same page and all the confusion resolved.
- mikeash 11y agoI find it very confusing that you link to a Wikipedia article, pull a statement from it, then spend all of your replies arguing against what that article says.