Toni Aittoniemi on Nostr: #capitalism does not mean the same as ”market economy”, that is a US misnomer. ...
#capitalism does not mean the same as ”market economy”, that is a US misnomer.
Capitalism actually means this: An #ideology that believes capital makes the best decisions, providing the best outcome for the people.
We know it’s more true the smaller the business and the less their political power. Markets are awesome, but capitalism is an ideology that places blind faith in them.
But markets never exist in a power vacuum. One’s extra-market political force increases with capital, too.
Capitalism actually means this: An #ideology that believes capital makes the best decisions, providing the best outcome for the people.
We know it’s more true the smaller the business and the less their political power. Markets are awesome, but capitalism is an ideology that places blind faith in them.
But markets never exist in a power vacuum. One’s extra-market political force increases with capital, too.