• Flying Squid@lemmy.worldOP
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    1 year ago

    Corporations being in control of a nation is the ultimate goal of capitalism. So I think I will call the U.S. a capitalistic society. One which has come very close to reaching that goal.

    • JustMy2c@lemm.ee
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      1 year ago

      Capitalism is an economic system. Extreme capitalism leads to corporatocracy like the US, which makes it a political system.

      I don’t even think we disagree on anything… You are just confusing words/symantics

    • JustMy2c@lemm.ee
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      1 year ago

      Nope, not true. Capitalism in its base is just the fact you are free to exchange with others.

      Businesses should not be allowed human rights. And especially not to influence politics (even if through third and such parties like lobbyists and superpacs)

      • grte@lemmy.ca
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        1 year ago

        That’s not what capitalism is. People have been exchanging things long before the 1600s. Capitalism is about allowing private interests to own a state’s productive capacity for the purposes of profit.

            • JustMy2c@lemm.ee
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              1 year ago

              The word government isn’t even in that entire article. Maybe quote a specific part instead of idiotically linking a main Wikipedia page…?

              • grte@lemmy.ca
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                1 year ago

                Okay, allow me to copy/paste the relevant section, the first sentence.

                Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.

                Meaning individuals (aka private interests) own and control the means of production with the goal of generating profit, rather than they be publicly controlled, which is to say controlled by the government.

        • JustMy2c@lemm.ee
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          1 year ago

          F u tanky moron. Extremists are always bad Left wing as much as extreme capitalism.

          • agamemnonymous@sh.itjust.works
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            1 year ago

            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.

      • Semi-Hemi-Demigod@kbin.social
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        1 year ago

        You’re wrong, and you don’t know you’re wrong.

        If you care at all that you might be wrong, you would read David Graeber’s “Debt: The First 5,000 Years” and learn more about this.

        But you won’t, because this is the Internet.

        • JustMy2c@lemm.ee
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          1 year ago

          My take away from that book is that we should fight the oligarchy to demand the re establishment of a Jubilee.