You are viewing a single comment's thread from:RE: The problem with socialism is that you eventually run out of other people's money.View the full contextView the direct parentculture-wars (42)in #life • 7 years ago Then I don't think you have any idea how capitalism works.
Maybe you confuse capitalism and free market economy.
I know about piketty capital income.
Maybe you have another definition of capitalism.
Yes, free market economy is very closely associated with capitalism. And no, I am not talking about the crony capitalism we have today.
Capitalism and free market can be opposed. Its why they made anti trust law in the 90's.
The goal of capitalism is to concentrate all possesion in few hands, to maximize capital income with situation of monopoly.
Capital income doesnt produce or sell anything in itself. It just make profits on owning properties or capital, like real estate or such.
Its not concerned with competition and rather get monopolies to maximize their profits by owning everything.
I believe that is called crony capitalism.