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>Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Mostly it's about creating imbalanc
by rorykoehler 6y ago
>Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
Mostly it's about creating imbalances particularly great ones so that power can be projected through coercion. The world runs on on the wealthy getting poor people to do the work they don't want to. With the rise of the finacialised economy we are far away from your definition.
- jelliclesfarm 6y agoDisagree. Capitalism is based on goods and services. We are not living in a feudal society where wealth is accumulated by labour. Nobody is picking cotton or growing rice on lands to become wealthy. Those days are gone. Wealth comes from services provided by companies like Facebook and Netflix and Amazon etc.