4 ms·
Yes there is not "one" definition of capitalism, but yours (private property + freedom to trade) misses some characteristics (for instance: capital accumulation
by yaps8 9y ago
Yes there is not "one" definition of capitalism, but yours (private property + freedom to trade) misses some characteristics (for instance: capital accumulation).
> Capitalism really is an evolution ("what you get when ...")
"is an evolution" is not the same as "what you get when", I agree that the current system is an evolution of the 17th century, but "what you get when" would mean this is the most likely evolution, which is not obvious.