3 ms·
Capitalism and free market are two things. I wished people would be more specific with words. Many things happened together so things were conflated. The core
by _Codemonkeyism 8y ago
Capitalism and free market are two things. I wished people would be more specific with words. Many things happened together so things were conflated.
The core idea of capitalism is that ownership of companies is based on invested capital not people.
Also see https://en.wikipedia.org/wiki/East_India_Company https://en.wikipedia.org/wiki/East_India_Company
I think it's better to discuss individual things like private property, capital ownership of companies, monopolies, free markets, consumerism, imperialism (along the lines of Standard Fruit Company) etc. on their own merit, not throwing everything on one pile - even if things interact, influence and lead to each other.
- deleted 8y ago[deleted]