It’s dumber. ‘Capitalism’ isn’t even a thing. There’s no system or ideology or other kind of ism that merits the term ‘capitalism’. Haters of science at least have a referent to point to. Haters of ‘capitalism’ hate a straw-man.https://twitter.com/IMAO_/status/1052701749264482304 …
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Seriously, what the heck is ‘capitalism’? Is it an...ideology...of believing in..’capital’? How can one ‘not believe in’ the abstract concept of capital OR Is it ‘that political system where people can own things’? You mean like virtually *all* non-monstrous political systems?
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Replying to @soncharm
"Capitalism" should just mean "contracts are enforced"
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Replying to @CovfefeAnon
But that’s just, ‘there’s a legal structure in place’ You could probably say that about ancient Sumerian kingdoms and whatnot, were they ‘capitalist’? Then who’s *not*, this side of USSR and NoKo on the one hand, and complete failed-states on the other?
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Replying to @soncharm
USSR and NK are rare states that fail to back private ownership by choice Other states fail to back private property out of inability - every one of a hundred officials wants a ten percent cut instead of there being an authority that can clamp down on competing officials
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Replying to @CovfefeAnon
Yes so there’s ideological reasons & corruption/failed-state reasons that property rights fail In the vast fuzzy middle I suppose it’s all ‘capitalism’ LOL :) This definition reduces ‘capitalism’ to just ‘normal human mode’ which makes it not that useful as a political concept
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Replying to @soncharm
It's not States mostly try to protect property rights when they can because that makes the owners of the government rich since there's production to take a cut of States sometimes fail to protect property rights because ownership and control aren't identical
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The ways state ownership and control become separated are useful as political concepts
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