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by lucifirius
2479 days ago
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Capitalism is the private ownership of capital. That's the definition. Capitalism is also 100% merit-based and unauthoritarian. Nobody is forcing people to use Amazon or McDonalds or Walmart. You might be confusing it with socialism, which is authoritarian as hell and has no regard for merit... |
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Except for inherited wealth, government subsidies and large-business-friendly tax cuts, and regulatory capture (among many other examples)?
Even for people who believe in capitalism as a religion, that statement is a bit too much.