I guess see a “free market” as a contradiction, a utopia that even if it existed for a moment would promptly undo itself. As for capitalism - capture of the state by monied interests has always been a central feature.
A totally free market is of course utopia, but a lot of markets actually come close. Think your local butchers, bakeries and mechanics. All business with less than 10 employees and the boss is actually working. There are not that much markets that are actually problematic, but of course we talk about them a lot. Most local markets are actually fine, it's the big multinational corporations that are the problem.
> As for capitalism - capture of the state by monied interests has always been a central feature.
Capitalism is about the concept of private ownership and an economy primarily controlled by the decisions of private business oriented societies. Capture of the state isn't necessary, but common and normal up to a point.
Capitalism is a system where workers create value through their work and are compensated with a portion of that value in the forms of wages. The business owner, the capitalist, is able to extract a portion of that for themselves because they own the business. The state maintains this exploitation of workers’ productivity through so-called property rights - the “rights” of the business owner over the worker. Without the state, this system falls apart.
1718627440|2 months ago
> As for capitalism - capture of the state by monied interests has always been a central feature.
Capitalism is about the concept of private ownership and an economy primarily controlled by the decisions of private business oriented societies. Capture of the state isn't necessary, but common and normal up to a point.
grafmax|2 months ago