It’s an economic system based on the maximization of economic output with the surplus production industrialization allows.
Like my point is people were paying each other for labor (or enslaving people for labor) for thousands of years before capitalism existed. So yeah we don’t need capitalism but we do need money which has existed for thousands of years, nothing to do with capitalism.
An economic system predicated on the private ownership and trade of property for the purpose of generating a profit surplus.
The graph falls apart at the loop. It neglects the existence of valuable products that come at great expense to the labourer but generates a profitable output.
Consider, for instance, coal mining. Hard to convince people to just do this for fun. But it has generated enormous profits for over a century. Same with tobacco and cotton farming.
Whats your definition of capitalism?
It’s an economic system based on the maximization of economic output with the surplus production industrialization allows.
Like my point is people were paying each other for labor (or enslaving people for labor) for thousands of years before capitalism existed. So yeah we don’t need capitalism but we do need money which has existed for thousands of years, nothing to do with capitalism.
An economic system predicated on the private ownership and trade of property for the purpose of generating a profit surplus.
The graph falls apart at the loop. It neglects the existence of valuable products that come at great expense to the labourer but generates a profitable output.
Consider, for instance, coal mining. Hard to convince people to just do this for fun. But it has generated enormous profits for over a century. Same with tobacco and cotton farming.
Probably about the same as the typical tankie definition of communism or socialism
Uh huh