"Capitalism is the ability of freely trade private property, among other things."
Is it? IDK. There are different definitions.
Part of the problems is that opponents and proponents use different definitions. Opponents describe characteristics, or consequences. On the radical end, they use marxist definitions (really, the original) which are mostly about an urban, company-centric (wage labour) economy. Less radical ones use it to describe the power/wealth inequalities we have.
Proponents generally focus on "free markets," free trade, private property^ and such. IE, you could have bronze-age capitalism if people were free in certain ways. IE, the ideologies of anglo-american liberals (libertarians, neoliberals...and other derivatives).
Is it? IDK. There are different definitions.
Part of the problems is that opponents and proponents use different definitions. Opponents describe characteristics, or consequences. On the radical end, they use marxist definitions (really, the original) which are mostly about an urban, company-centric (wage labour) economy. Less radical ones use it to describe the power/wealth inequalities we have.
Proponents generally focus on "free markets," free trade, private property^ and such. IE, you could have bronze-age capitalism if people were free in certain ways. IE, the ideologies of anglo-american liberals (libertarians, neoliberals...and other derivatives).
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