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Capitalism is just an economic system with predominantly private ownership of the means of production. Whether a country's set of economically productive organi
by ZoomerCretin 4y ago
Capitalism is just an economic system with predominantly private ownership of the means of production. Whether a country's set of economically productive organizations are owned by shareholders via a stock exchange or by whomever was powerful enough to take control of them by corrupt means seems irrelevant, no?
- derefr 4y agoIf the people who own them aren’t willing to sell them for economically-rational prices, then you don’t have equilibrium capitalism; you have temporary capitalism as a reaction proceeding toward aristocracy / feudalism. When all the assets are illiquid, there’s no capitalism.
- KptMarchewa 4y ago>Whether a country's set of economically productive organizations are owned by shareholders via a stock exchange or by whomever was powerful enough to take control of them by corrupt means seems irrelevant, no? It is extremely relevant when you look at the outcomes.