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Given the history of the word, it's exactly the meaning of capitalism: > Meaning "political/economic system which encourages capitalists" is recorded from 1872
by gaganyaan 5y ago
Given the history of the word, it's exactly the meaning of capitalism:
> Meaning "political/economic system which encourages capitalists" is recorded from 1872, originally used disparagingly by socialists.
https://www.etymonline.com/word/capitalism https://www.etymonline.com/word/capitalism
- AnimalMuppet 5y agoThere's a difference between "capitalist" and "rentier", though. These people are rentiers, not capitalists.
- gaganyaan 5y agoI'm not sure what your point is. Rentier capitalism is a subset of capitalism: https://en.wikipedia.org/wiki/Rentier_capitalism https://en.wikipedia.org/wiki/Rentier_capitalism But I'm merely pointing out that the original usage of "capitalism" was not a compliment, and certainly included these sorts of practices.