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by sudosysgen
1744 days ago
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Capitalism is to be understood as a political economy, not as some abstract economic-only concept that is impossible. A political economy is more capitalist in so far as private ownership of capital faces fewer restrictions and insofar as power is correlated to political ownership. Like all political systems, there are practical limits, but a system in which the power of capital is unrestrained and where very few restrictions to capital ownership exist can be called "unhindered capitalism", and these certainly existed. |
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