it's absolutely a big deal. A marxist will view the world very different than an ancom
like a right-libertarian will view the world very differently than a fascist
Okay dude watch it or don't I don't care
I'm not going to rewatch it to tell you what his side specifically is called
well okay
I'll try and find out by watching the first part
first bit*
oh wow the debate starts 28 minutes in
this comews off as a social democracy vs right-libertarian debate
the only socialist notion I have heard so far was pretty anti-government
it seems to just be a debate about the welfare state
more importantly, I have yet to hear friendman say that capitalism is the free market
and it's over
Hi
If you're saying that a free market is not capitalism I don't know what to tell you
What economic books have you read that claim it isn't?
If you want to learn more about how a capitalist thinks about free market the second part does that https://www.youtube.com/watch?v=PJWLt1TmAy4
Goes in depth on how government intervention (tariffs, subsidized companies etc) decrease the freedom of the market
You seem to think there are millions of forms of socialism but only one form of capitalism (the system we have right now)
Very wrong
Capitalism is an economic system, with a defined definition agreed upon by economists, Timo.
I don't dispute that
If that were the case I don't think we would be seeing what's capitalism or not, even though the global economy functions under the same dynamic.
When you have welfare, tariffs, subsidized industries and the likes you're not dealing with a fully capitalistic system
Free market is almost the exact same thing as capitalism
Or can you show me an example of a free market that does not resemble capitalism?
Market socialists would disagree with you
But then again other socialists would disagree with MarkSocs considering you're still operating an economy at the wil of capital.
will*
Also
If you cannot own your own product without it being collectively owned by ''the people'' you do not have a free market
Yes, regulated capitalism is capitalism
There's more than one form of capitalism
It can only be "partial capitalism" if it defies one of the basic definitional traits of capitalism
There's more than one term to describe capitalist systems and how they pertain to the sociopolitical sphere, yes.
that's why laissez faire capitalism is a thing
Like corporatism and state capitalism
They're still at the end if the day capitalism, economically.
If you have to compete with the state funded company it isn't a free and fair market
the market has become less free when you have to compete with a business that simply will not fail because the state supports it
it's not fair competition
