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I don't think so. Here are my simplified definition of words, I don't think they are very controversial or meaningless: Capitalism is ownership of capital by c
by Lutger 3y ago
I don't think so. Here are my simplified definition of words, I don't think they are very controversial or meaningless:
Capitalism is ownership of capital by corporations who are protected by the state.
Neo-liberalism is a version of capitalism that thinks the state sucks and must stick with the minimal protection that enables private ownership (vs banditry).
Communism is ownership of capital by the state and the abolishment of private ownership.
Socialism is more fluid, but the core is redistribution of wealth to effect just outcomes.
All of the above involve the government applying rules so 'something' doesn't get out of control, whether its evil bureaucrats or evil corporations. All of these can be done democratically (usually in varying degrees) and with the rule of law, or end up in a form of oligarchy or lawlessness.