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HarlechMan on scored.co
14 hours ago1 point(+0/-0/+1Score on mirror)1 child
"Capitalism" as defined by system based on unlimited interest, rate of return for investors, fractional reserve banking, and so on is damned jewey. "The Free Market" concept is not as judified, but it's also nowhere near what "Capitalism" has been for a century. It also has very little defense against organized, multi-generational nepotistic cartels. Which is largely how we got here in the first place.
For decades after 1850, when a French communist invented the word, dictionaries refused to publish a definition for “capitalism,” stating that “there is no adequate definition for the term.”
Fast forward to literally right now on Kikepedia…
> There is no universally agreed upon definition of capitalism; it is unclear whether or not capitalism characterizes an entire society, a specific type of social order, or crucial components or elements of a society.
Fast forward to literally right now on Kikepedia…
> There is no universally agreed upon definition of capitalism; it is unclear whether or not capitalism characterizes an entire society, a specific type of social order, or crucial components or elements of a society.