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"The classical model of capitalism is that profits are a side effect of some socially beneficial activity." What you are describing is not really capitalism at
by xadhominemx 10y ago
"The classical model of capitalism is that profits are a side effect of some socially beneficial activity."
What you are describing is not really capitalism at all.
- flyingfences 10y agoIt is, though. The classical capitalist system is one in which people engage in commerce voluntarily. If both parties do not benefit from a trade then the trade does not happen.
- xadhominemx 9y agotwo counter-parties benefiting from a trade is not the same as "society" benefiting from a trade