whatever you want to call it

Well, for one, if it contains the word "state", then I don't want to call it "capitalism"

authority is delegated to investors in firms who are still subordinate to state orders

how does one protect capital ?

is there some provider?

some *state?*

so you don't think the economic success of south korea was produced by capitalism 🤔

I just know that capitalism cannot be done by the state, literally

interesting

By definition it's impossible

Sorry to burst your uneducated butthurt bubble

its okay to have independent opinion

It's okay to have a wrong opinion like yours

like i said im happy with your independent opinion

That's why you dislike it so much yeah

Very happy

cool

awesome

capitalism

/ˈkapɪt(ə)lɪz(ə)m/

noun

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.

"an era of free-market capitalism"

does capitalism not need state intervention? Like when it's time to regulate free markets? protect capital and it's interest? enforce standards?

or we can operate within the framework of the state and exclude it cos mUh cApITaLiSm

I’m not sure you understand what capitalism is if you believe that state intervention is a product of it

what happens when company A reneges on a contract with company B causing losses?

The more the state intervenes in the market (i.e. regulates it) the less free the market becomes, hence reducing capitalism, and increasing socialism.

Bad for them

Exactly

In a purely capitalist setting every individual or group of individuals would have complete self-ownership of everything they possess, including the right to protect their property.

what if my protection is bigger than yours and i wipe you out

free market fuck yeah right?

That'd be you acting like a government.

how

By intervening in the free market.

if i have the resource the means and the will i can do so

how so

Because the only way to intervene in the free market outside of using negotiation is force.

so now anyone taking advantage of your dumb premise is now the government?

If you use force, you end freedom. Thus becoming the de facto governmental body.

okay how about this, my company competes directly with you and makes products services cheaper than what you can afford.

is that force?

or is that the principle of the free markets

Did the company use violent means, or threats, or anything like that?