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In reply to the discussion: Capitalism: what's that? [View all]NoOneMan
(4,795 posts)5. Huh? Its just the capitalism illustrated. Its private ownership of the means of production.
It will always cause disparity because it was born and bred from disparity as a means to increase disparity. Its is the owners preferred system, because they must do nothing to increase their wealth but sit on their ass and "own". It leads to perpetual, infinite profit from capital derived and distributed long before our grandfathers were even born.
The workers in your scenario are, in an equitable system, free to leave their job and seek another place where they can trade their labor for the same dollar.
Sounds like sharecroppers, those whiners.
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Huh? Its just the capitalism illustrated. Its private ownership of the means of production.
NoOneMan
Mar 2014
#5
What keeps capitalism going is the ability of individuals, companies, or states to acquire capital.
NuclearDem
Mar 2014
#47
That's not *the* definition. You deliberately left off all the other definitions
Starry Messenger
Mar 2014
#64
That's not true. Capitalism is distinct and different from bartering or the concept of "capital"
NoOneMan
Mar 2014
#9
Gug. I wonder if the Romans used those shiny things they called coins for that...
NoOneMan
Mar 2014
#14
Capitalism is the system that decides a non-laboring descendant of a robber baron...
NoOneMan
Mar 2014
#23
The "hard currencies" existed because there was an industrial society to back them up.
CJCRANE
Mar 2014
#18
The dollars in your wallet are not capital. Dollars concentrated in the millions are capital.
rug
Mar 2014
#38
Capitalism is the private acquisition and accumulation of the means of production.
NuclearDem
Mar 2014
#41
So...environment means the world around us...we all have world around us so
HereSince1628
Mar 2014
#75
For the billionth time, not all money is capital, and not all capital is money.
NuclearDem
Mar 2014
#82