Haven’t fleshed it out — but heard this in an old lecture today: “Adam Smith lived in a world without houses."pic.twitter.com/ds3MoIGmZ7
An enormous amount of time and effort has gone into making people think that capitalism is a market. Capitalism isn't a market, it is a factory. It is one person owning the machines, and everyone else working to making them rich.
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uphold kevin carsonist thought
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Is this tweet about defining the word "capitalism" or about describing something that "capitalism" is being treated as already picking out?
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Because if you mean it as a definition, I guess that is fair. I've generally defined it differently, but due to varying definitions, uh,
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That's trading/bartering, sure, but not capitalism. Capitalism specifically requires ownership of means of production; there would have to be a lawn mowing company with non-owning employees to make this analogy cover a basic definition of capitalism.
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Yup.
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thank you, needs to be said more often.
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Do you understand what a monopoly is?
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