VetOfTheSeas@discuss.online to Political Memes@lemmy.world · 1 month agoDon't you like capitalism?discuss.onlineimagemessage-square76linkfedilinkarrow-up11.07Karrow-down112
arrow-up11.06Karrow-down1imageDon't you like capitalism?discuss.onlineVetOfTheSeas@discuss.online to Political Memes@lemmy.world · 1 month agomessage-square76linkfedilink
minus-squareSaledovil@sh.itjust.workslinkfedilinkarrow-up4arrow-down1·1 month agoCapitalism refers to economic systems were economic decisions are made by private, rather than public, actors. The free market is a didactic model of a market with no barriers and no information imbalance.
minus-squareTriumph@fedia.iolinkfedilinkarrow-up3arrow-down1·1 month agoCapitalism is where an ownership class undercompensates labor and pockets the spoils.
minus-squareSaledovil@sh.itjust.workslinkfedilinkarrow-up2·1 month agoThat’s a basically inevitable consequence of capitalism, but it’s not part of the definition.
Capitalism refers to economic systems were economic decisions are made by private, rather than public, actors.
The free market is a didactic model of a market with no barriers and no information imbalance.
Capitalism is where an ownership class undercompensates labor and pockets the spoils.
That’s a basically inevitable consequence of capitalism, but it’s not part of the definition.