3 ms·
The means of production are still privately owned. What you described is not Capitalism by strict definition, but the owners of capital are still at the top of
by wormlord 2y ago
The means of production are still privately owned. What you described is not Capitalism by strict definition, but the owners of capital are still at the top of the food chain in such a system. It's not like lack of competition somehow precludes private ownership.