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Actually, capitalism is simply an economic system where private citizens can own the means of production. In other words, people can own businesses, and shares
by indymike 4y ago
Actually, capitalism is simply an economic system where private citizens can own the means of production. In other words, people can own businesses, and shares in businesses That's it. Nothing else.
- throwawaymaths 4y agoContemporary capitalism also features limited liability, and fractional reserve banking, two policies that are not necessarily part of a generalized capitalism, but would be hard to decouple in any analysis of what is currently going on in capitalism.