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When the term is used by lazy analysts and internet trolls to cover everything from laissez-faire to literal fascism, a clear definition at the outset of any conversation is absolutely necessary.

Happy you liked the video! Yeah, we need universal definitions for these kinds of things, and we already have them. People just don't use them cause they don't suit their personal worldview.

Typical internet response: BUT BAD THINGS = CAPITALISM AND THINGS I DISLIKE = CAPITALISM BECAUSE CAPITALISM IS BAD!