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> Point being, markets are inherently capitalistic. Would you disagree with that? Yes, absolutely. For a system to be capitalistic, you also have to have at le
by bildung 11y ago
> Point being, markets are inherently capitalistic. Would you disagree with that?
Yes, absolutely. For a system to be capitalistic, you also have to have at least capital intensive means of production (hence the name), a real labor market and more or less free access to the market both as a consumer and a producer. Capitalism only started existing with the onset of the industrial revolution.
Reductio at absurdum: A Greek citizen in 200 BC is buying fish from a fisherman, with coins, at freely decided prices. Thats the market at work, but no capitalism at all.