Message from @Deleted User
Discord ID: 410622269858250763
"an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."
And, you asked me if capitalism = economics
That means, no
i said capitalism has economic implications
It is not synonymous
With economics
It is an economic system
i never said that
One economic system
i said it has enough implications to call itself an economic system
yea
I fully understand it's an economic system O_o
i never said capitalism = economics
And thats what I understood you to be saying, thats why I said let me explain
So anyway
What capitalism is,
Also give me a sec so I can text someone
jesus christ
ok
anyways what's your political stance @Dark Chocolate Muffin
K anyway
So what capitalism is,
Is a relationship of investment
I.e. you take wealth
Wealth often stolen, or inherited from other people who stole it,
*distributed
And you invest it into resources like land
No, stolen
Let me finish
So you invest it into resources
These resources, after inclosure, when capitalism was founded,
Is what is now known as "the means of production"
The memes of production O_o
And in investing in these resources, to use capital, would be to say, pay someone a wage, to work said resources.
In paying them to do something, i.e. take wood and make chairs,
You are investing in their labour, and taking the chair with their added value of time and energy, then selling it.
You pay them their wage, you keep the excess profit they created via turning the wood into more than wood, a chair.
It is the relation of investment of wealth, CAPITAL
That we get the word, capitalism.
It isnt anything else