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?
In practice? Inequality. Increasing inequality until something cracks and there are riots, then laws change. Then increasing inequality, rinse and repeat.
In theory? Small entrepreneurial businesses generating value, the grassroots little shops everywhere. If it was working correctly, those would be very profitable and the money spread around better. Growth from the bottom not the discredited “trickle down” bullshit.
Hey congrats! I think you are the first person to give something close to the textbook definition of what capitalism says it is supposed to be! 🤸