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by panarky 330 days ago
> Capitalism is about private ownership of the means of production

That's part of the definition but not the whole definition.

Other parts of of the definition include:

Capitalism is about free markets.

Capitalism is about competition.

Capitalism is about converting the commons to private ownership.

Capitalism is about the more wealthy and powerful exploiting those with less wealth and power.

Capitalism is about mystifying how the system works so it's hard for people to imagine that it could work any other way.

1 comments

> Capitalism is about free markets. [...] Capitalism is about competition.

Okay, sure. But IP laws prevent all that. As before, IP laws are antithetical to capitalism — and the source of breakdown witnessed earlier.