Gregory's Server@Radical_EgoCom Abolition of Capitalism is an absurd concept. Regulations and standards to protect innocent participants from bad actors would make more sense, but there will always be some form of Capitalism in any society. People will always find ways to trade or sell goods and services to one another no matter the type of government is in effect.
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@Radical_EgoCom I am well aware what Capitalism is. I know what Communism and Socialism are too. They are each concepts of βpureβ economies and do not exist anywhere in the world. There will always be black markets, cottage industries, flea markets, and underground economies. Abolition has never solved anything. The U.S. still has legal slavery more than 150 years after it was abolished. Capitalism is not a "pure economy." There are many different versions of capitalism, from laissez-faire capitalism to state capitalism to corporate capitalism, etc. It can have practically any form as long as it has private ownership of the means of production, free markets, competition, and limited government intervention. 1/2 There likely will remain such things as black markets, cottage industries, flea markets, and underground economies, but that doesn't mean that society shouldn't try to abolish the private ownership of the means of production just because these outliers may exist. 2/2 |
@Dawilson999
You don't seem to understand what capitalism is if you think it's just people buying and selling things to people. Capitalism is an economic system in which the means of production are privately owned and operated for profit and is characterized by free markets, competition, and limited government intervention. Capitalism, the private ownership of the means of production, can absolutely be abolished.