3 ms·

Capitalism needs private property and free markets. Everything beyond that is cultural

• dragonwriter 11mo ago
  Capitalism does not need and has never had free markets, though some arguments for capitalism being ideal rest on the assumption of free markets, along with a stack of other idealized assumptions, like human behavior conforming to rational choice theory.
• croes 11mo ago
  Then explain why capitalism made China its workbench.
  • HDThoreaun 11mo ago
    China encourages exports and has no recent history of confiscating property owned by foreigners. Combined with cheap labor this makes it a great place to set up sweat shops. If you are selling a good that can be made in a low labor area but you use high cost labor you will be outcompeted and the market wont buy your expensive products so over time all the successful firms make their low skill products in sweatshop zones