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> Capitalism at least tries to use human selfishness to achieve a better outcome Maybe you're not aware, but it was the socialists who coined the term "capital
by manoDev 3y ago
> Capitalism at least tries to use human selfishness to achieve a better outcome
Maybe you're not aware, but it was the socialists who coined the term "capitalism", and their definition has no relation with the one you gave.
The definition is simply: the system where private property of means of production allow the accumulation of capital.