thats true

Capitalism is the free market

@Bogatyr Bogumir The problem with that is I'm talking in theory

but theres no evidence it can't work

I'm not calling for an cap

anyways

capitalism build upon old world market economy by adding government enforced contracts and trade management AKA enabling law

What?

lol

No

lol guys what are words

"old world market economy by adding government enforced contracts "

Sid won't be happy until the informal economy returns and he can stick children in coal mines again

not capitalism

I don't have kids one

two im 16

3 I'm not saying that

jesus

***several people are typing***

I'm saying the free market is much more efficient

I'm out lads

Resorts to ad hominem attacks when you lose a debate

Market economies do not allocate values to goods better than labor value does

Free market capitalism is not the only form of capitalism. One can have government intervention and it still be called capitalism, just not free market

So no it's not more efficient

Yes they do

"labour theory of value"

what a joke

@Shalopy No, theres only one form of capitalism, the free market is the definition

Tell me why it is a joke

Labour theory of value, value isn't determined on labour

it's determined on the value the consumer places on it

you can spend a day digging a hole and filling it up

doesn't mean it'll be worth more

it's an illiterate idea

Socialist economies are extremely inefficient, so are socialist policies

Capitalist economies are miles ahead

All empirical studies by Zechariah, Sraffa, Farjoun and Machover, Cockshott and Cotrell show that labor value clusters around market prices more accurately than production price theory

As shown by today and the past

Of course you wouldn't understand what the LTV is

Not atall