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If you have a labor market then you have capitalism, since it lets you hire labor to work for you and that is enough to make you a billionaire. So markets and c
by Jensson 3y ago
If you have a labor market then you have capitalism, since it lets you hire labor to work for you and that is enough to make you a billionaire. So markets and capitalism are tightly coupled things, you can have some very limited markets without capitalism but in general if you have a pretty free market you have capitalism.
- AndrewKemendo 3y agoYes of course if you create a slave market - which is a market for purely alienated labor - then you’ll have capitalism by function I’m not sure what this proves though Again the concept of a market is independent of capitalism, they are not mutually excluding