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I use the definition: "Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privatel
by gibsonf1 3y ago
I use the definition: "Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned."
So no conflation.
- nathan_compton 3y agoWeird definition of capitalism. Tons of systems respect property rights and individual freedoms. And, in fact, none of these states operate under the condition where all property is privately owned. Where they fall on those measures doesn't correlate with the weal of the people either, at least not the way you are implying.
- gibsonf1 3y agoWhich tons of systems? The US currently does not qualify as capitalist by that definition, we currently have a statist system with an unelected 4th branch of government, etc. Ref to definition: http://aynrandlexicon.com/lexicon/capitalism.html http://aynrandlexicon.com/lexicon/capitalism.html
- rs999gti 3y ago> unelected 4th branch of government The legislature is worthless and is more concerned with getting re-elected and getting rich in office, than doing actual legislation. The supreme court legislating from the bench is result of a lame duck congress and senate.