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Yavin4

(35,455 posts)

3. Technically, capitalism does not require competition.

Reply to applegrove (Original post)

Sat Mar 23, 2024, 11:12 AM

Mar 23

Nor does it even mean a middle class. These are constructs of social democracy which seeks to tame capitalism.

Capitalism is simply the means of production are held in private hands for the expressed intent of increasing capital to the capital holding class.

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24 replies

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Biden: Capitalism without competition is not capitalism. It's exploitation. [View all] applegrove Mar 23 OP

Under-regulated capitalism fosters a miserable oligarchy. Hermit-The-Prog Mar 23 #1

Capitalism without regulation cannot succeed. elleng Mar 23 #14

I always substitute regulations with protections. ... aggiesal Mar 23 #15

That's good! elleng Mar 23 #16

Regulations are basically protections ... aggiesal Mar 23 #18

Yes, that's very good, Profitization. elleng Mar 23 #19

Absolutely true! BComplex Mar 23 #2

Technically, capitalism does not require competition. Yavin4 Mar 23 #3

"held in private hands" is also a human construct. applegrove Mar 23 #7

That may be technically true but... llmart Mar 23 #9

Yes. I was argueing with the person who brought up Human constructs. applegrove Mar 23 #10

Yeah, you can make that case, but I'm sure you would agree that here in the US KPN Mar 23 #11

Most people who tout capitalism also tout market economies... Silent3 Mar 23 #20

Maintaining a mixed economy is like keeping a wild tiger as a pet. Yavin4 Mar 24 #22

Capitalism is not what you say it is. DontBelieveEastisEas Mar 23 #12

If the intent isn't increasing capital to the holding class... Yavin4 Mar 24 #21

Intent is for a system that fosters innovation, trade, savings, opportunities and more. DontBelieveEastisEas Mar 24 #23

That is your goal, but not the goal of the capitalist class. Yavin4 Mar 24 #24

Capitalism is doomed. limbicnuminousity Mar 23 #4

Can't Rail Against "Big Government" modrepub Mar 23 #5

Nicely stated, Joe. erronis Mar 23 #6

also, vulture capitalisim. AllaN01Bear Mar 23 #8

And capitalism without regulation cannot succeed! elleng Mar 23 #13

Unregulated Capitalism leads to fascism... Wounded Bear Mar 23 #17