2016 Postmortem
In reply to the discussion: Bernie is 110% right poor people don't vote [View all]fasttense
(17,301 posts)You can have money in a socialist, communist, slavery or feudal economy too.
Early feudalism did NOT have capitalism. Everything belonged to the king and you had to appease the king in order to obtain anything. You had no right to sell you homegrown vegetables or more likely sell shares in your homegrown vegetable business you had slaves working on. You had to ask the king for permission for everything. He also was the one who gave you permission to live on the land and stay in your home. True there probably was some underground capitalism going on but the king could squash it if he didn't like it. There was also slavery going on during feudalism too but the major economic system was feudalism.
Just because we are motivated by money and greed does not mean we have to base an economy on it. Let's pick another vice and base an economy on it. How about gluttony and lust? I'm motivated by hunger let's base our economy on food.
Just because you create things and sell them does NOT make you a capitalist. To be a capitalist you need to be removed from the means of production. That is you can NOT make the thing you sell yourself. If you make it and sell it you are a owner run business. You are practicing Free Enterprise. You are NOT practicing capitalism. Very few small businesses are capitalist enterprises.
To be a capitalist you have to have second hand ownership like with stocks. Or you can use a vast wealth to get more wealth by owning the means of production; NOT by doing the production yourself.
Read some Marx. It explains the difference.