4 ms·

It's not even remotely obvious that capitalism must include any competition. You might try reading the Wikipedia entry you linked.

• merpnderp 11y ago
  Maybe 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 ago
    Isn't it pedantry when a person links to Wikipedia and insists on using the meanings therein?
    • merpnderp 11y ago
      Yeah, 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 ago
        I 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.