Nopesiedaisy on Nostr: Capitalism is the free exchange of goods and services between individuals and private ...
Capitalism is the free exchange of goods and services between individuals and private groups, where the means of production are privately owned, production is guided and income distributed through free markets.
Socialism calls for public ownership or control of property and natural resources, and that society collectively owns and distributes the profits of production.
Level of government and business structures are pretty irrelevant.
It comes down to do you own your property and can you do what you want with it (rent, sell, transform into a product)? Or, does the governemnt own the property and determine what you get.
Socialism calls for public ownership or control of property and natural resources, and that society collectively owns and distributes the profits of production.
Level of government and business structures are pretty irrelevant.
It comes down to do you own your property and can you do what you want with it (rent, sell, transform into a product)? Or, does the governemnt own the property and determine what you get.