nearly baited into another 'nomics thread
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@lain you ever wonder if anyone actually knows what the word "capitalism" means? What are the sub requirements for capitalism, to be capitalism? Never ever do i see anyone who uses the word capitalism (both positive or negative sense) actually know what it is and what economic/market features it requires
In my school, capitalism was described in one sentence, very simple:
"Goods and services are exchanged for goods, services, or money, without everything having to go thru the state"
Never did i hear anything more about that
"But late-stage capitalism jokes funny"
yeah, true
In my school, capitalism was described in one sentence, very simple:
"Goods and services are exchanged for goods, services, or money, without everything having to go thru the state"
Never did i hear anything more about that
"But late-stage capitalism jokes funny"
yeah, true
@lebronjames75 @lain without going into details and baiting you into a long discussion that is a painfully bad definition of capitalism
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