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6/17/2025, 4:16:46 PM
>>95887021
>For me, capitalism is just literally the concept of private ownership of business enterprises for profit. That's it. A family owned coffee shop is just as capitalist as Wal-Mart.
Methinks, a minima you need to add one parameter in the equation: To have capitalism, you need *capital*.
Trading goods for money isn't enough, you need at least one additional actor: someone who lent you money so that you could buy whatever you needed in order to produce the goods or services that you will exchange for money. That additional actor is therefore able to make money from money only, AKA a capitalist.
THAT is what makes this system capitalism.
>For me, capitalism is just literally the concept of private ownership of business enterprises for profit. That's it. A family owned coffee shop is just as capitalist as Wal-Mart.
Methinks, a minima you need to add one parameter in the equation: To have capitalism, you need *capital*.
Trading goods for money isn't enough, you need at least one additional actor: someone who lent you money so that you could buy whatever you needed in order to produce the goods or services that you will exchange for money. That additional actor is therefore able to make money from money only, AKA a capitalist.
THAT is what makes this system capitalism.
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