Message from @ᴏᴠᴇʀꜱᴇᴇʀ ꜱᴛʀᴀꜱꜱᴇʀ

Discord ID: 688822655142461539


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.

2020-03-15 18:56:36 UTC  

The *rights* at which vary, from very unfree to free.

2020-03-15 18:57:02 UTC  

That's what I think you can define 'Capitalism' as "high economic freedom". Without high property rights there isn't "high economic freedom".

What is economic freedom for a worker if his labour and production is someones elses property.

So its exploit or be exploited.

No middle ground.

Even small business have to grow or fail.

Property isnt needed for economic freedom as long you can produce or have a guild.

2020-03-15 18:57:56 UTC  

Sure, but that's not what economic freedom is defined as here.

Any good can be sold.