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It's not an either-or thing, where if you allow people to accumulate productive resources, you inevitably get capitalism, and if you don't, you inevitably get s
by jawns 8y ago
It's not an either-or thing, where if you allow people to accumulate productive resources, you inevitably get capitalism, and if you don't, you inevitably get socialism.
This is tremendously simplified, but I would say that if you allow people to accumulate productive resources and your economic policies prioritize market efficiency above all else, then you're likely to end up with laissez-faire capitalism.
However, if you have economic policies in place that prioritize widespread ownership (for instance, by incentivizing small-business ownership or cooperatives), that might lead to some short-term market inefficiencies but may promote beneficial long-term effects. For instance, it might help them compete against larger corporations whose only advantage is economies of scale, but which wipe out otherwise healthy small businesses and then enjoy near-monopoly status.