npub1d4…g8z5p on Nostr: nprofile1q…8hpxz nprofile1q…2unmw We have a clearly distinct vision of what ...
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We have a clearly distinct vision of what capitalism is.
In my opinion capitalism exists when I can own the brick factory and decide what the brick factory should do and make money off of it. That is the capital. If I can have the factory, employ people and make money off the work of those people, whether I work or not, that is capitalism.
I don't see the complete freedom of trade as a prerequisite of capitalism. I'm allowed to have the capital, and profit off of it, even if restrictions are applied to prices.
If goods prices and quantities cannot be manipulated by the government, that is what I'd refer to as free trade.
Someone may be forcing me to sell bricks at a price within 5$ and 100$, but I still have the factory, I can decide what to do with the factory and I profit with the bricks produced by the factory.
The distinction here in my opinion is with other economic systems in which you are not allowed to own the factory, or if you are allowed to own it you are not allowed to make profit off the factory.
For example, you may "own" an association, but you cannot profit off of it; you can pay yourself a salary.
In a communist economy, nobody is allowed to own a company, you may be in the position to decide what the company should produce, but the company is not yours and you don't make profit off the company but rather receive a salary from the government.
We have a clearly distinct vision of what capitalism is.
In my opinion capitalism exists when I can own the brick factory and decide what the brick factory should do and make money off of it. That is the capital. If I can have the factory, employ people and make money off the work of those people, whether I work or not, that is capitalism.
I don't see the complete freedom of trade as a prerequisite of capitalism. I'm allowed to have the capital, and profit off of it, even if restrictions are applied to prices.
If goods prices and quantities cannot be manipulated by the government, that is what I'd refer to as free trade.
Someone may be forcing me to sell bricks at a price within 5$ and 100$, but I still have the factory, I can decide what to do with the factory and I profit with the bricks produced by the factory.
The distinction here in my opinion is with other economic systems in which you are not allowed to own the factory, or if you are allowed to own it you are not allowed to make profit off the factory.
For example, you may "own" an association, but you cannot profit off of it; you can pay yourself a salary.
In a communist economy, nobody is allowed to own a company, you may be in the position to decide what the company should produce, but the company is not yours and you don't make profit off the company but rather receive a salary from the government.