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Textbook capitalism is a society in which (among other things) companies belong to investors. In other words, when a company bets, it is typically with other pe

by Yoric 4y ago

Textbook capitalism is a society in which (among other things) companies belong to investors. In other words, when a company bets, it is typically with other people's money. In that case, it's other people's jobs, which extends a bit this textbook case, but not by much. edit Rewritten to take into account sokoloff's remarks, thanks!

sokoloff 4y ago
Capitalism defines nothing about whether the money invested in a company is yours or other people’s. In practice, it often is, but “in practice” is not nearly the same as “by definition”.
- Yoric 4y ago
  Good point. Edited.