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?

nope just made my products cheaper which say you can't do so

Then there's no use of force

cool so i have now wiped you out of competition and taken over your share

thats completely fine right

and by that i mean your market share

your customers come to me cos its cheaper

I didn't say anything about morals, I'm talking about the mechanics. It is capitalism if it's done that way.

im talking about the free market principles here

theres no state intervention

it's just the markets working with me to overthrow you

they shall

NOT BE INFRINGED

🟨

The result of another company going out of business if my own company succeeds is only a consequence, it's not a cause-and-effect chain. I do not make other companies go out of business by being successful myself.

also nah I'm not that libertarian laissez-faire really

just thought saying that would be funny

Operating in the free market contains competition, there's always competition. So of course people go out of business all the time.

cool so if i keep becoming larger and larger it should be fine