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That’s an interesting point, my only immediate thought is that markets and capitalism are two entirely separate entities. Capitalism gets a lot in free credit (
by BuckRogers 6y ago
That’s an interesting point, my only immediate thought is that markets and capitalism are two entirely separate entities. Capitalism gets a lot in free credit (no pun intended) riding off the coat tails of market economics.
In short, capitalism is paying others to do your work, but paying them less then the value they produce. Not an attractive proposition since it always trends towards Foxconn without a mechanism to counteract it such as a union.
A market can exist without that, bartering is all you need there.