Capitalism is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
Reflections
"What does capitalism become when we change our agreements about what capital is?" ~ Charles Eisenstein
“The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public. The proposal of any new law or regulation of commerce which comes from this order ought never to be adopted, till after having been long and carefully examined with the most suspicious attention. It comes from an order of men who have generally an interest to deceive and even oppress the public” ~ After Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations. Volume 1 of 2
References
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