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Capitalism and Marxism are ideas. The historical acts, good or bad, due to these ideas are owned by the actors.

• beaconstudios 5y ago
  Capitalism isn't an idea, it's a system that we live within. Yes, if you care about blame then you can just blame people for bad actions and call it a day. But if you care about actually preventing bad actions then you need to look at incentives, and that's where the study of political economy comes in.
  • smitty1e 5y ago
    Indeed, to quote myself within this very thread: > Incentives matter in the buyer/maketplace/seller realm of economics.
    • beaconstudios 5y ago
      then what was your objection? Capitalism incentivises profiteering, the crypto industry is an example of practically pure profiteering.
      • smitty1e 4y ago
        Capitalism is an intellectual concept, like Socialism. Materialism is the driver of the mischief in either the capitalist or Socialist case.