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If we're trying to define precise terms here, "free market" and "capitalism" don't overlap at all. Capitalism is a type of government, free markets are a (group
by xcdzvyn 3y ago
If we're trying to define precise terms here, "free market" and "capitalism" don't overlap at all. Capitalism is a type of government, free markets are a (group of) polic[y/ies].
I don't see where the logic of your comment comes from either way though - capitalists are typically in favour of a free market, no? And typically the "purpose" of a free market is accruing wealth as part of a private enterprise?
- jszymborski 3y ago> Capitalism is a type of governmen E.g.: Democracy, oligarchy, dictatorships are forms of government. Capitalism, socialism, etc... are economic systems. I point this out because people in my country sometimes forget that it's a system of elected officials that govern us, not capitalism.
- SQueeeeeL 3y agoFree markets are sometimes useful tools in making profits but are also sometimes hinderences towards being able to extract the highest amount of profit from consumers. That's why we see so many mergers and intensive lobbying for government regulation in things like healthcare, telecoms, and air travel, it's way easier to make money if you can restrict competition in your market and it's something essential to consumers
- xcdzvyn 3y agoI see! I apologise for my naïvitié, thanks :)