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Property rights + individual liberty = capitalism. The right to accumulate capital, and the freedom to voluntarily transact with others without outside interfe
by thegrimmest 4y ago
Property rights + individual liberty = capitalism.
The right to accumulate capital, and the freedom to voluntarily transact with others without outside interference is all that's needed to accumulate enormous wealth.
There is no dismantling of capitalism without compromising either property rights (ownership of land/stuff) or individual liberty (labour regulation).
- dragonwriter 4y ago> Property rights + individual liberty = capitalism. No, one very specific model of property rights (plus no individual liberty not subsumed within that model) = capitalism. But, again, the capitalist model of property rights isn’t the only one, and the developed West, where capitalism first became dominant, has been drifting away from the capitalist model of property rights for about 100 years now. (While at the same time rejecting alternatives that much more stridently oppose the capitalist model that grew up in places that attempted to avoid capitalism entirely.)
- thegrimmest 4y agoCan you describe the difference between the "capitalist" model of property rights and the common law model? I wouldn't classify ancient Roman property law as fundamentally different from ours today, would you? Would you say that the ancient world practiced capitalism? Surely they had wealthy classes of merchants, landowners, bankers, etc. who accumulated capital and did stuff with it.
- junofan 4y agoIt’s just communist flim-flam.