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?
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!