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Hang on, capitalism is also a social system. It depends on social institutions like property rights, the rule of law, and under most reasonable assumptions, a s
by barrkel 7y ago
Hang on, capitalism is also a social system. It depends on social institutions like property rights, the rule of law, and under most reasonable assumptions, a state with a monopoly on violence. Socialism more generally considers other social constructs to even out extreme outcomes which might otherwise occur in a pure market.