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There is no such system as "capitalism". I have not seen a definition of capitalism which was not either contradictory, or which relied on sufficiently general
by ouid 9y ago
There is no such system as "capitalism".
I have not seen a definition of capitalism which was not either contradictory, or which relied on sufficiently general abstractions (utility instead of profit, social contracts and monopolies on force instead of states).
The level of authoritarian control you would have to have over a society in order to prevent a system of government from forming would certainly itself qualify as a system of government. So free enterprise always generates some sort of governing actor, and any mandate that results is, by the transitive property, the result of free enterprise. Since all systems are ultimately the result of free enterprise and "rational" motives, it's hard to argue that "Capitalism" is anything but the trivial classifier, if it is well defined.
I'd argue that the successful policies that Americans incorrectly attributed to the "capitalism" were actually attributable to the sort of meta-philosophy of pragmatism. Which is the philosophy of not really having a philosophy, and never letting any belief become sacred (A philosophy which we certainly do not adhere to now).
- astrange 9y agoSurely capitalism has to do with the existence of capitalists who don't do labor? If Walmart's shareholders couldn't extract all surplus income from the company, the Walton family wouldn't be making an entire country's worth of store owners' income for doing no work.
- geezerjay 9y ago> I have not seen a definition of capitalism which was not either contradictory, or which relied on sufficiently general abstractions (utility instead of profit, social contracts and monopolies on force instead of states). That's a very good point. When we see people complaining about capitalism, these critics are essentially targeted at rule of law and the recognition of a right to private property, and how states don't simply confiscate private property held by those subjectively labeled as "the rich".
- deleted 9y ago[deleted]