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> Think most people do include markets and competition as core to capitalism. I would argue that this is liberalism, and a smidge older than capitalism. I thin
by orwin 3y ago
> Think most people do include markets and competition as core to capitalism.
I would argue that this is liberalism, and a smidge older than capitalism. I think you can have multiple kind of capitalism, the old-school, robber-baron that you get in Mexico, Brasil, Russia; the liberal capitalism you get on the west (mixed with more or less socialism), and the weird semi-authoritarian capitalism that you get in China, Vietnam (mixed with more or less socialism too). Probably other exists. Only the liberal one in my mind has free market and competition as a core, its always a secondary effect of participating in the global economy for the others. At least it's my opinion at the moment, i'm not knowledgeable enough, so if you disgree, please do and explain, i want to learn.
- FrustratedMonky 3y agoI agree with all that you are saying. If we started digging into details of each possible shade of 'capitalisms', we find a sliding scale of what features are most dominant. There are some that aren't as focused on 'competition' and 'markets'. I'd say that in all of your examples, they are there, just not as dominant, or somehow 'narrowly managed'. So we'd be arguing over the scale of each feature in each example. Not really right or wrong. I agree, it is mostly the global market that forces this on some countries with less competition.