4 ms·
Capitalism is buyer, seller, and marketplace with enough regulation to keep the trifecta stable. Capitalism is abstract and plural; the avarice of materialism
by smitty1e 5y ago
Capitalism is buyer, seller, and marketplace with enough regulation to keep the trifecta stable.
Capitalism is abstract and plural; the avarice of materialism is concrete and singular.
The minimal regulation that stanilizes the sustem offers competitive feedback to mininize the tyranny of oligarchy that sets in when sellers get materialistic and buy the marketplace.
- giantg2 5y agoCapitalism is really about the means of production, capital, being private and for-profit. You can have buyers, sellers, and markets in other types of economies, like communism or socialism. Capitalism and materialism aren't necessarily one or the other (plural/singular concrete/abstract). They can be applied both ways since they are adjectives. You could be describing an individual act or society as a whole. The predisposition of capital ownership and control (a materialistic view) can take place in socialist or communist marketplaces too. Sure, technically the ownership is either owned by the state or the people, but really the oligarchy ruling the state are the ones with power anyways.
- smitty1e 5y ago> Capitalism is really about the means of production, capital, being private and for-profit. You can have buyers, sellers, and markets in other types of economies, like communism or socialism. Capitalism is about minimally throttling creativity and private property. Communism/Socialism (thinking of the EU here) seem to view lack of regulation as chaos. No. Do not want.