To my knowledge, capitalism is defined as a market economy where the means of production are privately owned by investors and operated for a profit. It fundamentally concentrates money to a small number of investors, who are incentivized to use that money to more efficiently concentrate money in their pockets (e.g. influencing politics).
Whether it’s the intended outcome of capitalism, it’s certainly an inevitable one. Which is why I asked, how you would define capitalism such that it doesn’t inevitably lead to the mega wealthy with power to influence regulation.
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Definitions from Oxford Languages · Learn more
noun
an economic and political system in which a country’s trade and industry are controlled by private owners for profit.
“an era of free-market capitalism”
Not sure what you mean by a small group. Anyone who a pension, a 401k, etc is an investor. Almost every American is an investor. It’s how we fund our retirements.
I’m not seeing a definition of capitalism here.
To my knowledge, capitalism is defined as a market economy where the means of production are privately owned by investors and operated for a profit. It fundamentally concentrates money to a small number of investors, who are incentivized to use that money to more efficiently concentrate money in their pockets (e.g. influencing politics).
Whether it’s the intended outcome of capitalism, it’s certainly an inevitable one. Which is why I asked, how you would define capitalism such that it doesn’t inevitably lead to the mega wealthy with power to influence regulation.
Capitalism is the private ownership of property.
Dictionary Definitions from Oxford Languages · Learn more noun an economic and political system in which a country’s trade and industry are controlled by private owners for profit. “an era of free-market capitalism”
Not sure what you mean by a small group. Anyone who a pension, a 401k, etc is an investor. Almost every American is an investor. It’s how we fund our retirements.