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You have isolated yourself to only one type of capitalism, and then seemly incorrectly extracted free markets from being capitalism, when in reality in lay term
by phpisthebest 4y ago
You have isolated yourself to only one type of capitalism, and then seemly incorrectly extracted free markets from being capitalism, when in reality in lay terms free markets is what people refer to as capitalism. The other esoteric types of capitalism are not widely known and therefore in common language should not be used in place of the more widely accepted understanding of free markets when talking about "capitalism" in colloquial conversation as we are here.
In short when having informal conversations a person referring to "capitalism" should be assumed to be talking about free market capitalism unless they indicate otherwise, Not to be assumed to be referring to corporatism, crony capitalism, mercantilism or any other types of capitalism
>One type of capital is government-created privileges obtained through regulatory capture,
Copyright was not created from regulatory capture, copyright was expanded and abused will beyond its original remit via regulatory capture
- mindslight 4y agoWhat I have said applies to anything that puts "capital" first and foremost. From my perspective, you're trying to write off the critique via no-true-Scotsman. I agree that people want to think of free markets and capitalism as being intertwined and inseparable, but I'm pointing out how they end up being in conflict. And as capitalism continues to evolve, this conflict continues to grow. > Copyright was not created from regulatory capture, copyright was expanded and abused will beyond its original remit via regulatory capture Sure. And every time it was expanded, the amount of capital increased while market freedom decreased! Capitalism and free markets are not one and the same, but rather two different qualities that can end up being in conflict. Ultimately if one wants to advocate for freedom, one needs to focus on advocating for it directly, rather than for an economic system that is increasingly in conflict with it. You can still think of economics in terms of capital (and I think it makes sense to). But the desires of capital need to be made deliberately subservient to freedom rather than vice-versa.
- phpisthebest 4y agoAll Free Markets are capitalist, you can not have a free market without capital Not all capital markets are free... You explain to me how a free market would work with out capital
- mindslight 4y agoI haven't asserted that all capital is in conflict with free markets or freedom, nor that all forms of capital should be abolished. (FWIW I can't imagine how that would even be possible) Rather I've pointed out that some forms of capital are directly at odds with freedom and free markets.