Midnight FM
Gold Member
- May 4, 2025
- 797
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For starters:
1. No one whom I've asked to explain what "capitalism" even is has been able to do it.
According to a dictionary definition, capitalism is a system which allows people to own private property. That's a pretty basic definition
A socio-economic system based on private property rights, including the private ownership of resources or capital
I support people having legal rights to own private property.
What is odd, though, is that "capitalism" in the sense of people being allowed to own private property has always been around in history. Such as how the 10 Commandments prohibiting theft of other people's property was establishing some right to private property ownership.
Therefore, "capitalism" was not invented by America or at any time in recent history. (And, of course, even in America, which permits private property ownership, taxation and public goods and services also exist, as is the case in every developed nation. There are also laws on the books, for example, which restrict what individuals and business can do, such as the formation of monopolies, which is prohibited because it is believed to discourage economic competition).
So, the reality is that when most people I hear talk about "capitalism", they seem to have no idea what it actually is, in the context of the law or anywhere else, and can't articulate why "capitalism" today is any different than the capitalism, or private property rights, which have existed for all of human history.
1. No one whom I've asked to explain what "capitalism" even is has been able to do it.
According to a dictionary definition, capitalism is a system which allows people to own private property. That's a pretty basic definition
A socio-economic system based on private property rights, including the private ownership of resources or capital
I support people having legal rights to own private property.
What is odd, though, is that "capitalism" in the sense of people being allowed to own private property has always been around in history. Such as how the 10 Commandments prohibiting theft of other people's property was establishing some right to private property ownership.
Therefore, "capitalism" was not invented by America or at any time in recent history. (And, of course, even in America, which permits private property ownership, taxation and public goods and services also exist, as is the case in every developed nation. There are also laws on the books, for example, which restrict what individuals and business can do, such as the formation of monopolies, which is prohibited because it is believed to discourage economic competition).
So, the reality is that when most people I hear talk about "capitalism", they seem to have no idea what it actually is, in the context of the law or anywhere else, and can't articulate why "capitalism" today is any different than the capitalism, or private property rights, which have existed for all of human history.