What are the minimum unique features to identify an economy as capitalist?
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Replying to @chaosprime
Were feudalist, monarchist, pre-Smith states capitalist?
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Replying to @orthonormalist
didn't tend to feature property you weren't just momentarily enjoying at the king's pleasure did they
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Replying to @chaosprime @orthonormalist
You don't own your property in the US. You pay rents to a state for the privilege to own it based on its value.
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Replying to @granderojo @orthonormalist
unless you own one of the plots exempted from property tax by grandfathered royal charter fun fact: in New Jersey most of these are owned by former Governor Christie Whitman
2:03 PM - 9 Feb 2019
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