[hypewatch]

Fair enough. I learned - in an American college - that “capitalism” was a term coined by Adam Smith in “Wealth if Nations”, which apparently was an incorrect conflation made by my Econ professor.

The term “free-market capitalism” is used often by politicians and economists, but apparently that term is conflating two distinct concepts by your definition.

That illustrates my point that the term’s meaning has morphed since it’s coining. Even the Wikipedia page’s disagrees with both of us!

> The initial use of the term "capitalism" in its modern sense is attributed to Louis Blanc in 1850

> Marx did not extensively use the form capitalism, but instead capitalist and capitalist mode of production, which appear more than 2,600 times in the trilogy Capital

https://en.m.wikipedia.org/wiki/Capitalism

What a rabbit hole! We’re officially lost in the minutia of term definitions. Time to log off of HN for the weekend haha