3 ms·
> Capitalism is more about private ownership of the means of productions That existed before capitalism - in feudalism, for example. It's true in the context o
by beaconstudios 8y ago
> Capitalism is more about private ownership of the means of productions
That existed before capitalism - in feudalism, for example. It's true in the context of Marxist analysis of capitalism as that's how Marx decided to frame capitalism, but it isn't capitalism's distinguishing feature.
> Monopolies run against the spirit of capitalism.
Effectively, yes, which is why we should prevent them by either public ownership of natural monopoly resources (public road ownership, for an example to wind up the libertarians) or regulation.