Capitalism is when there is a capitalist class that owns the means of production in order to extract surplus value, and a working class that uses the means of production in order to create value.
The truest capitalism would be a society where one individual owned everything and everyone else had to work under that individual.
Capitalism does not care - and never has cared - about people’s ability to buy stuff. That’s why market crisises happen. It’s the result of capitalists taking more than the workers can afford to lose.
There have been times when the capitalist class has cooperated with the demands and needs of the working class. That’s called a mixed economy, and as the name suggests, it’s a compromise between capitalism and socialism and therefore far from “true” capitalism.
To add on were not even capitalists anymore its basically corporate welfare and socialism. Why tax a net loss company that just made billions this year. If they ever fail like covid the government will bail them out.
True capitalism makes sure that people can afford to buy stuff. Is there a name for what we currently have? Because it sure ain’t capitalism.
Uh, how do you define capitalism? Because the definition I know doesn’t do that.
Sounds exactly like my hardcore ancap friend. “No true Scotsman” all the way…
The end result of capitalism is what we are in now.
Capitalism is when there is a capitalist class that owns the means of production in order to extract surplus value, and a working class that uses the means of production in order to create value.
The truest capitalism would be a society where one individual owned everything and everyone else had to work under that individual.
Capitalism does not care - and never has cared - about people’s ability to buy stuff. That’s why market crisises happen. It’s the result of capitalists taking more than the workers can afford to lose.
There have been times when the capitalist class has cooperated with the demands and needs of the working class. That’s called a mixed economy, and as the name suggests, it’s a compromise between capitalism and socialism and therefore far from “true” capitalism.
To add on were not even capitalists anymore its basically corporate welfare and socialism. Why tax a net loss company that just made billions this year. If they ever fail like covid the government will bail them out.