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by BirAdam 1261 days ago
Capitalism no longer exists. Current economic systems are based around debt and not capital.
1 comments
switch007 1261 days ago
That’s seems like a very very narrow definition of capitalism
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BirAdam 1261 days ago
No, the idea of capitalism is that one acquires capital for future investment. One forgoes wealth in the present for wealth in the future. In debt based economics, this process is reversed. The future is leveraged for the sake of the present.
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