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In reply to the discussion: Capitalism: what's that? [View all]RobertEarl
(13,685 posts)19. I am exploring, yes
And you are not a hindrance to the exploration.
This is why I posted this OP. There is not a shared understanding of one of the basics of our society. What some have been saying is they hate capitalism. But in reality they love capitalism and how easy it makes trade happen.
What bothers us is the way capital is used in our society to gain advantage over others. Think of capital as a hammer. It is very useful for hammering nails and no one has a problem with that. But when that hammer is used to hit a person, then that hammer is hated.
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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