Message from @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ
Discord ID: 688822189671448698
Anywhere else capitalism has failed.
Balkans.
Eastern Europe
Africa
South america.
They are shitholes.
What even is Capitalism?
Private ownership of means of production and exploitation of worker labour.
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.
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.
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.
Private property rights are right?
Do you knowwhat private property means to start with.
Sure
Your car, house and toothbrush are personal property.
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.
Is private property only with Capitalism or?
Yes.
and Corporatism.
however
For example chinese socialism has provate property.
But its
High economic freedom includes high private property rights, this means high economic freedom is only with "capitalism".
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.
The *rights* at which vary, from very unfree to free.
That's what I think you can define 'Capitalism' as "high economic freedom". Without high property rights there isn't "high economic freedom".