Re:U.S. indicts two men for running a $20M YouTube content I...
by JackFr on Friday December 03, 2021 @08:43AM
(#29429908)
Capitalism means different things to different people and in different contexts.
Separation of ownership from management. Tradeable claims on the firm. Legal personhood of the firm. Private property. Free trade between countries. Market determined prices.
But it’s lazy and wrong to use it as a synonym for greed. Despite Gordon Gecko, greed is not good. Just seeing something we consider bad and saying “Capitalism” is a pose and not an argument.
Separation of ownership from management. Tradeable claims on the firm. Legal personhood of the firm. Private property. Free trade between countries. Market determined prices.
But it’s lazy and wrong to use it as a synonym for greed. Despite Gordon Gecko, greed is not good. Just seeing something we consider bad and saying “Capitalism” is a pose and not an argument.