I think capitalism is a social convention and one of the factors of production. Because historically capitalism is a very recent development. Markets in most fo

I think capitalism is a social convention and one of the factors of production. Because historically capitalism is a very recent development. Markets in most forms may have existed for thousands of years but they're not one hinged upon the idea that only a few own the means of production be it land (in the old sense of the word) or labor. Today it makes little sense to say Bill Gates or Warren Buffett should control the means of production anymore. Sure, they're shrewd investors but investing isn't about producing anything. It's about making a judgment of risk vs reward. Essentially it's own kind of skilled labor but it's one based on personal preferences and not whether the factors of production can sustain themselves for evident demand. Meaning that the means of production could be managed differently such as worker own's businesses or cooperatives (ex. credit unions and utility co-ops). There's no need for the boss hog anymore just as for most of humanity there's no need for a king or a Pope to crown them. So why keep playing a game that continually deprives an ever growing population of their general welfare?