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"capitalism" is simply a way to organize an enterprise. an enterprise can participate in a market without structuring the organization as a capitalist enterpris
by greenie_beans 3y ago
"capitalism" is simply a way to organize an enterprise. an enterprise can participate in a market without structuring the organization as a capitalist enterprise. free market != capitalism. american-style capitalism consists of a political system that supports the capitalist enterprise structure.
- gadflyinyoureye 3y agoDefinition of capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit. The private owner here is a co-op. Not socialist.
- greenie_beans 3y agothis is wrong. see my comment here: https://news.ycombinator.com/item?id=40145796 https://news.ycombinator.com/item?id=40145796