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Not only in the US, it is a universal fiction

ID: WookieeMark @EvilGenXer posted:

"OK so look, Capitalism is right wing.

Period.

If you are pro-capitalism, you are Right Wing.

There is no pro-capitalist Left. That's a polite fiction in the US that no one can afford any longer as the ecosystem is actually collapsing around us."

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144 comments

    • Pretty much every sane person believes in trade, market-based pricing, and allowing people to own their businesses and means of production

      None of that is exclusive to capitalism...

      • Jesus, my very gentle post was "Removed by mod"? Even though it has 6 upvotes and 1 downvote? Okay

        Ok, here's the definition of capitalism, plain and simple:

        Capitalism is an economic system where private individuals and businesses own the factors of production, and prices and production are determined by supply and demand.

        Characteristics of capitalism

        • Private ownership: Private individuals and businesses own the means of production, such as capital goods.
        • Free market: Prices and production are determined by supply and demand in a free market.
        • Profit motive: The primary motivation is to make a profit.
        • Market competition: Businesses compete with each other for business.
        • Private control: Private individuals and businesses control the production and consumption of goods and services.

        • Well, you are mistaken in your definition of capitalism, but I admit that capitalist like to muddle the water like that so you are far from the only one that got bamboozled like that. There are many other economic systems including those that can be categorized as "socialism" that have free market based exchange and private ownership of the means of production.

          The primary feature of capitalism is the goal to accumulate private capital beyond what a single person can utilize and thus use this accumulated capital (=means of production) to extract surplus value from others.

        • Lol, did you get ChatGPT to write that up for you?

144 comments