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> Capitalism is the ability of freely trade private property, among other things. Within limits. For example, we can't freely trade slaves, sex with minors, po
by sideshowb 9y ago
> Capitalism is the ability of freely trade private property, among other things.
Within limits. For example, we can't freely trade slaves, sex with minors, powerful weapons, etc, and I'm sure most of us are pretty thankful for that. Most western nations also have limits on trading private property, inasmuch as such trade is taxed. See Ha Joon Chang's books for a reminder that "free" markets aren't really as free as the ideology would have you believe.
- jack9 9y agoNo, not within limits. It's a descriptive economic model. The modern us version isnt the standard.