Hey friends, just trying to get an idea of how people think of capitalism in different communities. What first comes to mind when you think of that word? Is it your national or international retail giants, resource extraction, or logistics companies? Or perhaps your local diner, hardware or convenience store? The black market? Or something else?
i think of it as the most basic and rudimentary economic system.
whenever a more advanced system fails or can’t apply, people fall back to capitalism and start trading/hoarding tokens etc.
it’s dangerous to let it run completely unchecked. usually societies will implement rules and taxes to make sure basic needs are met and there isn’t too much exploitation going on.
Basic and rudimentary is a unique take. What led you to this conclusion?
no, it’s not a unique take.
capitalism is the next step after an exchange economy, which is the most basic economy possible. just add some sort of token to the exchange economy and it becomes capitalism.
I feel like you are referencing some well known economic model progression or evolution that I’m unfamiliar with. Is there a name for this or someplace I can read more about it? What is the more advanced economic model after capitalism?
idk how it’s called. it’s something kids have early in school. it’s about the four types of economic systems. it’s not really about progression, but about how difficult they are to set up and how they start from the need to exchange goods and can transform from one type to another. for example bartering (traditional type) to capitalistic monetary systems (market type) and then maybe someone takes control and establishes socialism (command type) etc…
Interesting, thanks for the feedback and followup!
Agreed! Capitalism works great until the wealthy buy the politicians and the voters lose their moral compass. Then you have what we see today, late stage capitalism. No reason we can’t break the monopolies and tax the snot out of the rich, but your average Joe Blow either doesn’t realize what’s happening or care, doesn’t demand good governance.