Message from @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ

Discord ID: 688822076555133004


Its not self sustainable.

Plus only capitalist countries that are holding on are either global imperialist like USA or had to implement socialist reforms like in europe to appease the working class and prevent revolts.

Anywhere else capitalism has failed.

Balkans.

Eastern Europe

Africa

South america.

They are shitholes.

2020-03-15 18:49:47 UTC  

What even is Capitalism?

Private ownership of means of production and exploitation of worker labour.

2020-03-15 18:50:29 UTC  

Why can't it be high economic freedom?

Means of productions are machines, resources and space needed to create a consumer product.

Economic and personal freedoms arent bound to capitalism.

2020-03-15 18:51:30 UTC  

There are so many defintions of Capitalism, how do I know you're correct?

Because its literally what it is.

Capitalism is just an economic system.

Unlike socialism that is both economic and social.

Without private ownership of means of production there is no capitalism.

Because its the foundations of capitalism.

2020-03-15 18:53:00 UTC  

Couldn't the defintion of Capitalism be: High economic freedom

There can be a free market but then without private property the marker relies on workers productivity and guilds if you are under utopian socialist system.

Economic freedom isnt bound to capitalism.

for example Yugoslavia a socialist state had more economic freedoms than some capitalist states.

2020-03-15 18:53:30 UTC  

Private property rights are right?

Do you knowwhat private property means to start with.

2020-03-15 18:53:56 UTC  

Sure

Your car, house and toothbrush are personal property.

2020-03-15 18:54:07 UTC  

Yes

Private property is a resource, that is used by a machine/worker to produce a consumer good you sell and take all the profits generated by everything needed for that product and everyones labor, then distribute it according to your will.

It doesnt mean without private property there are no managers and business positions.

Its just on how income is generated.

2020-03-15 18:55:39 UTC  

Is private property only with Capitalism or?

and Corporatism.

however

For example chinese socialism has provate property.

But its

2020-03-15 18:56:04 UTC  

High economic freedom includes high private property rights, this means high economic freedom is only with "capitalism".

2020-03-15 18:56:16 UTC  

While that's true, the rights are much less than any normal first world nation.

they are responsible to the government not the individual.

But they have property.