• nymnympseudonym@piefed.social
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    12 hours ago

    your imaginary"capitalism”

    I grok you’re angry. Please don’t take it out on me. I didn’t make any economic systems, real or imaginary.

    capitalism as a system has always included that “statism”

    When discussing abstract and slippery ideas it is really important to use words according to their precise meanings.

    DDG LLM summarizing Studocu & Wikipedia:

    Capitalism is an economic system characterized by private ownership of the means of production and minimal government intervention, focusing on profit and free market competition. In contrast, statism involves significant state control over economic activities, with the government owning key industries and regulating the economy extensively for collective welfare.