Difference between revisions of "Capitalism"

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{{DES | des = Capitalism (and [[entrepreneur|entrepreneurship]]) are based upon the [[coercion]] that creates [[rights]].  Capitalism, like fire, is most valuable when it is used only for desired purposes ([[Deregulation|regulated]]), not burning indiscriminately. For example, as part of [[Mixed Economy]] or [[Social Democracy]].  Bartering and other exchanges, even in markets, do not make capitalism: private ownership of the means of production does. Indeed, markets are not distinctive to capitalism; they exist in all economic systems more sophisticated than a hunter-gatherer economy.  A major problem of capitalism is that generally the upper classes rob the lower classes. | show=}}
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{{DES | des = Capitalism (and [[entrepreneur|entrepreneurship]]) are based upon the [[coercion]] that creates [[rights]].  Capitalism, like fire, is most valuable when it is used only for desired purposes ([[Deregulation|regulated]]), not burning indiscriminately. For example, as part of [[Mixed Economy]] or [[Social Democracy]].  Bartering and other exchanges, even in markets, do not make capitalism: private ownership of the means of production does. Indeed, [[markets]] are not distinctive to capitalism; they exist in all economic systems more sophisticated than a hunter-gatherer economy.  A major problem of capitalism is that generally the upper classes rob the lower classes. | show=}}
 
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Revision as of 13:49, 12 December 2018