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> “Capitalism” is what people do when they’re not having sex (and sometimes even then). It is the most powerful economic engine we know about. Capitalism is wh
by _vbnz 5y ago
> “Capitalism” is what people do when they’re not having sex (and sometimes even then). It is the most powerful economic engine we know about.
Capitalism is when people does stuff.
Capitalism is a system where the Earth's resources and means of production (factories, machines, etc.) are privately owned.
You can have voluntary exchange without that - https://en.wikipedia.org/wiki/Market_socialism https://en.wikipedia.org/wiki/Market_socialism
- benreesman 5y agoI’m fairly well versed in the barter -> coinage -> credit -> prosperity orthodoxy. Probably the best balance between accessibility and rigor on why that’s provably utter nonsense is “Debt: The First 5000 Years” by David Graeber. Now I know I’m going to piss off the Ayn Rand crowd, but I’m not concerned about that for two reasons: 1. Anyone who enjoys lectures about feeding the poor to one another written by an embittered old author living on fucking welfare is beyond my help. Bonus points: was tight with Greenspan who fucked up on, pretty much everything. 2. I don’t have an HN account older than some hackers with 1k karma on it because I play to the crowd. Quite the contrary. But as a cute sidebar: I make things people want. Never needed a Loopt-style backroom back rub.