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2049d · Marx


Keep calling it capitalism, it just shows you don't understand economics lol. Crony capitalism = socialism for the rich
replied 2049d
That's why I prefer the term "free market" to capitalism. It's not about the profit or the acquisition of capital, it's about the freedom to transact. Profit is the enzyme or fuel.
replied 2049d
I would call crypto a "free market," but I wouldn't really apply the term to traditional markets, simply because of the phrase's connection with laissez-faire theory
replied 2049d
I don't think that a free market/capitalism can exist in conjunction with billionaires or monopolies, regional or otherwise. The US hasn't been truly capitalist or free for a long time