• They’re right though. Freely trading goods and services is commerce, and an economy based on commerce is a market economy.

        Capitalism is specifically a market economy where the means of production are owned privately by an investor class, who increase their wealth exclusively by “profit”: a discrepancy between the value the workers in a company contribute, and the compensation paid to those workers (Price- Cost [including wages] = Profit).

        There are non-capitalist market economy models. Like market socialism, in which economic production is still generated by private companies in a free market, but those companies are owned by the workers themselves rather than by non-employee shareholders.

        • Flying SquidOP
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          fedilink
          41 year ago

          He called me a Tankie in another thread. He doesn’t know what it means.

          • Semi-Hemi-Demigod
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            fedilink
            21 year ago

            I’m actually a little upset he called you a tankie before he called me a tankie. If he’s gonna call anyone a tankie it should be me. Am I not being radical enough?