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by dragonwriter
4164 days ago
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> Capitalism as a system has many impersonal qualities, but capitalism per se does not value anything. It values capital and the capitalist class, which is why it was named "capitalism" by its critics (specifically, its socialist critics.) The free market justifications in terms of Econ 101 simplifications that, in addition to applying to a simplified version of reality in operational terms, also apply to a system different than capitalism as ever actually implemented, came later. |
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