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This article shows a fundamental misunderstanding of what capitalism is. Capitalism is not an entity that has its own free will and desires. Capitalism is a pro
by loxs 7y ago
This article shows a fundamental misunderstanding of what capitalism is. Capitalism is not an entity that has its own free will and desires. Capitalism is a projection of what people want. If surfers want what they want, then that is capitalism for them.
- PaulDavisThe1st 7y agoThere are many books that would dispute your second sentence. I'll just note that what most people consider capitalism really consists of three components: 1) "free markets" in which what is sold and for how much is not (heavily) regulated 2) an entrepeneurial environment in which starting (and stopping) commercial enterprises is relatively easy and happens often 3) preferentially biasing the distribution of the rewards of commercial enterprises towards those who invest capital, rather than those who invest labor or IP. There's no rule that says you couldn't have a system with just 1 or 2 of those 3. Either way, they interact to create a social system which does indeed tend to drive a society in certain directions, and inhibit its ability to move in others.
- loxs 7y agoIt's true, but still the driving force is a common denominator of "what people want".
- PaulDavisThe1st 7y agoNot, the driving force is what people with disposable income are prepared to pay for. That's very different.