> There are people who defend markets without defending capitalism: these are usually called mutualists, and they're usually connoted with the left, though unli

> There are people who defend markets without defending capitalism: these are usually called mutualists, and they're usually connoted with the left, though unlike state socialists, they defend a stateless society. Markets only work if you have ownership. The problem with mutalism is really that the either have to let inequality happen, the diffrent entitys (some people think this will be firms, or villages or some other non-single human entity with a common intrest) who trade will end up unequal. The question then is what mutalism really solves, if you dont want the inequality you would have to ridistribute again and with that destroy the insentive to act in the market. In general I agree with your post, you are quite correct.