Yeah, and the point was that these are, in fact, still capitalist in nature. You want a hard definition, fine, let's look at Britannica:
"capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets."
https://www.britannica.com/money/capitalism
Big business privately owns the means of production and depends on the operation of markets to get their profits. That sounds inherently capitalistic to me.
Wall Street privately owns businesses and the products they produce, and it exists practically *entirely* to exploit the operation of markets to skim profits.
Both depend on ownership of capital to gain profits through markets, not by virtue of labor.
This all looks pretty inherently capitalistic to me. You can argue that the individuals are motivated by profits and not by the ideals of capitalism, but the systems they're using the gain those profits look pretty capitalistic to me.
TheOneWithAReallyLongName
npub1f2…3wnvu
2024-09-02 09:37:23
in reply to nevent1q…am65
Author Public Key
npub1f2d7g0p206c5nqjqfhftvrxg8u25gy6egqpv290qk27nc60k0fms43wnvuPublished at
2024-09-02 09:37:23Event JSON
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"content": "Yeah, and the point was that these are, in fact, still capitalist in nature. You want a hard definition, fine, let's look at Britannica:\n\n\"capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately owned and production is guided and income distributed largely through the operation of markets.\"\n\nhttps://www.britannica.com/money/capitalism\n\nBig business privately owns the means of production and depends on the operation of markets to get their profits. That sounds inherently capitalistic to me.\n\nWall Street privately owns businesses and the products they produce, and it exists practically *entirely* to exploit the operation of markets to skim profits.\n\nBoth depend on ownership of capital to gain profits through markets, not by virtue of labor.\n\nThis all looks pretty inherently capitalistic to me. You can argue that the individuals are motivated by profits and not by the ideals of capitalism, but the systems they're using the gain those profits look pretty capitalistic to me.",
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