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Joined 2 years ago
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Cake day: June 25th, 2023

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  • Wrong. Capitalism is not defined by its criticisms nor by any eventual outcome. Everything OP said is the definition of capitalism. Everything you’re saying are the criticisms of Capitalism which state that eventually, Capitalism will lead to that. Early capitalism does not have a small few controlling the majority of the means of production, but it is still capitalism.

    That’s like saying Communist governments are defined by never reaching full communism, or that a First Past the Post voting system is defined by a two party system. Those are not what define those things, but they are the criticisms of them and their eventual outcomes without something new implemented to correct it.