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replied 2157d
Capitalism creates FORCED COMPETITION, which is NOT a good thing, especially when Capitalist profits from it.
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anarchovegan
replied 2156d
Ed, would you mind defining capitalism again, even if you've already done so?
replied 2156d
Economic system in which means of production are privately owned.
replied 2156d
The competition is about seeing who is better. This often also means the most efficient. Efficiency is good in many ways.
replied 2156d
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.
replied 2156d
How are working people being exploited when they are paid for their labour? There is nothing wrong with people competing in the labour they offer.
replied 2156d
Here's how https://www.yours.org/content/capitalism-is-very-much-exploitative-system--here-is-simple-mathematic-41e963a5eae6
Austin
replied 2157d
Ed, you clearly have no formal education is what Capitalism is. https://financial-dictionary.thefreedictionary.com/capitalism
replied 2157d
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
replied 2157d
The rest of the crap is propaganda & not actual definition of Capitalism & this is the part that you capitalist defenders don't understand.
Austin
replied 2157d
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.
replied 2157d
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.
replied 2157d
I think @ED is correct.


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