4 ms·

Capitalism always exists. It is the management of scarce resources. Usually we use money to control the flow of very scarce resources. But it does not have t

Capitalism always exists. It is the management of scarce resources. Usually we use money to control the flow of very scarce resources. But it does not have to be money. A quota system is nothing more than a form of money but itemized.

Miner49er 6y ago
I believe you are confusing markets with capitalism.
- guscost 6y ago
  Capitalism depends entirely on the existence of functioning markets. It is the philosophy that recognizes their value and promotes them.
  - Miner49er 6y ago
    Yes, but you can have socialism with markets too.