this post was submitted on 10 Oct 2024
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Capitalism is a free market.
Capitalism is, for example, being able to buy a pack of cigarettes at $15 and sell them $2 a pop on the street to make $40.
We don’t have a free market; therefore we don’t have capitalism.
Capitalism is a form of commodity production of competing Capital Owners that pay wage laborers to sell commodities on a market, seeking further and further accmulation.
Capitalism tends to monopolize into syndicates and eliminate its own competition. This doesn't mean it isn't still Capitalism, just that it's becoming Imperialism, ie moribund Capitalism, and that it is becoming ripe for central planning and public siezure. Capitalism develops towards Socialism, once the proletariat siezes control.
While on its face true. This is the libertarian equivalent of saying the USSR was not communist.
It isn't true on its face or otherwise.
Capitalism is a form of commodity production of competing Capital Owners that pay wage laborers to sell commodities on a market, seeking further and further accmulation.
Capitalism tends to monopolize into syndicates and eliminate its own competition. This doesn't mean it isn't still Capitalism, just that it's becoming Imperialism, ie moribund Capitalism, and that it is becoming ripe for central planning and public siezure. Capitalism develops towards Socialism, once the proletariat siezes control.
Meanwhile, the USSR absolutely was Socialist, complete with public ownership, a dictatorship of the proletariat, central planning, and more.
$15 cigarettes?? Doesn’t sound like a free market to me!!
Actually, I think it's a system which uses a medium of exchange to facilitate trade, e.g. capital. As opposed to a barter system. You can have a capitalist system without a free market. I think you could even have a communist system which uses capital to assign value, technically.
Not quite.
Capitalism is a form of commodity production of competing Capital Owners that pay wage laborers to sell commodities on a market, seeking further and further accmulation.
Capitalism tends to monopolize into syndicates and eliminate its own competition. This doesn't mean it isn't still Capitalism, just that it's becoming Imperialism, ie moribund Capitalism, and that it is becoming ripe for central planning and public siezure. Capitalism develops towards Socialism, once the proletariat siezes control.