3 ms·
Capitalism is private property and trade. Markets without ownership are mostly meaningless. All models of market socialism are mostly theoretical. Even the inv
by nickik 5y ago
Capitalism is private property and trade.
Markets without ownership are mostly meaningless. All models of market socialism are mostly theoretical. Even the inventor market socialism didn't get far in implementing it.
Yes there are some markets that can exist outside of that but not a central organizing principle of an economy.
> "they got rich cause they worked hard" is a very shallow take
The worked hard on the right idea. Its not a 'take' its a fact'.
I didn't say 'anybody that works hard will be rich'. That would be a shallow take.