this post was submitted on 14 Oct 2023
1204 points (95.9% liked)
Technology
60070 readers
3364 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You just described the free market, not capitalism.
My definition is almost word to word the same that merriam webster gives. You can go have a look yourself.
What are you talking about? Capitalism is inherently reliant on free markets. Otherwise what you have is a planned economy. You know, the opposite of capitalism?
Capitalism is reliant on a free market. That does not make it the same nor does that mean that a free market is reliant on capitalism. The concept described above is a free market, not capitalism.