Re:Migrants who made China an industrial giant face a grim r...
by EliRivers on Friday November 29, 2019 @02:35PM
(#21666309)
It's not a free market and thus not capitalism (I am ready to be corrected on any of these points).
Capitalism is about private ownership of the means of production. It often goes hand-in-hand with free markets, but they're not the same thing.
Re:Migrants who made China an industrial giant face a grim r...
by cinquemb on Friday November 29, 2019 @09:12PM
(#21668082)
> It often goes hand-in-hand with free markets, but they're not the same thing.
As an example, interest rate fixing by central banks in DM countries is anathema to free markets and price discovery; yet ownership of production is privatized.
Re:Migrants who made China an industrial giant face a grim r...
by larnmar on Friday November 29, 2019 @05:01PM
(#21667087)
And this is why arguing about “capitalism” is pointless, there’s a bunch of incompatible definitions. You are using a definition closer to Marx’s, while the GP is using a definition closer to Rand’s. (Most people use a fizzier definition than either of these.)
Just let these definitional arguments go, they’re not interesting or valuable.
Re:Migrants who made China an industrial giant face a grim r...
by tempguy9999 on Friday November 29, 2019 @05:33PM
(#21667211)
Let them go and you have no definitional basis on which to argue, and then how can you engage? I can't see any debate can be at all possible like that.
As a general principle agree your definitions before you lock horns and you'll start getting somewhere, if no further than agreeing to disagree.
But that's an aside, the point is that exploitative labour practices come about because of what @netsharc says. You've sidestepped his and my point.
If it was you or your children in a sweatshop you mightn't be so gung-ho.