4 ms·
I'd suggest this is more of an endorsement of free trade. (That is, no external party forced you to trade goats for seeds.) Lots of societies have free trade t
by gbhn 10y ago
I'd suggest this is more of an endorsement of free trade. (That is, no external party forced you to trade goats for seeds.)
Lots of societies have free trade that I don't think would be usefully described as "capitalist." (And anecdotally societies in which free trade is discouraged seem to end up with a lot of black market free trade activity -- it is just too powerful an attractor.)
To me capitalism is a more descriptive of a narrower and more modern development. Free trade is an aspect of it, but not sufficient to describe it.
- thescribe 10y agoI think I had made an assumption between countries like Venezuela and Soviet era Russia that had large black markets for a lot of goods and them being the opposite of capitalism.