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by win311fwg
10 days ago
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Have what backwards? Capitalism and markets are clearly different concepts. Consider the single company town. The capital is privately owned but the economy is centrally planned. There is no competition lowering prices, but there is capitalism. The capital is most definitely not communally owned. There is another concept, market capitalism, which describes where markets and capitalism come together. That may be what you are thinking of, but that isn't what we are talking about in the discussion. The original comment clearly wrote "capitalism" and not "market capitalism". What was said about markets in that comment holds true even without capitalism, so we have logical confirmation that it wasn't a case of accidentally leaving out "market" in front of "capitalism". |
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