I don't assume, I can see you don't understand it, if you did you could relate it to how incentives are distributed in capitalist business.
Miners are directly selling their labour. They are much like capitalist entrepreneurs in this. There is even competition. Competition makes the system healthy, as with capitalism.
Capitalists do sell their labour, but they also serve the important fu action of BUYING your labour. If you want to sell your labour you need someone to buy it. Employers are customers
These things are then sold to customers. A building is a good example. A capitalistspays for contractors. Contractors pay for labourers. A customer buys the finished building.
That is not how things work. Not many people make complete things themselves. Instead people sell their labour to a capitalist. The labour is coordinated to make finished things.
You just dont get it. Capitalist is nothing but a middleman, same as banks, as ll they really do is extract wealth created by others. There is absolutely no need to have such systems.
Actually they are important middlemen. They coordinate which labour to buy to create the finished product. Modern things dont get built without a lot of coordination.
That is not the competition I am talking about. I am talking about forced competition among people and still you ignore the fact that capitalists are exploiting honest working people.
Free market is not a rule but an outcome of a system, which is said to be an outcome of this system, but reality is it has not been the case & gave all the reasons as to why this is so
I'm not a capitalist defender. I am a moderate who understands economic systems and the importance of having a balance between the free market and a centralized government.
Really? And what does it say in your link? "The economic system in which the means of production is privately held" which is exactly what I am saying so I think I know what it is.