Re:Mikhail Gorbachev has died
by ZoomerCretin on Tuesday August 30, 2022 @06:16PM
(#32655868)
Capitalism is just an economic system with predominantly private ownership of the means of production. Whether a country's set of economically productive organizations are owned by shareholders via a stock exchange or by whomever was powerful enough to take control of them by corrupt means seems irrelevant, no?
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If the people who own them aren’t willing to sell them for economically-rational prices, then you don’t have equilibrium capitalism; you have temporary capitalism as a reaction proceeding toward aristocracy / feudalism. When all the assets are illiquid, there’s no capitalism.
Re:Mikhail Gorbachev has died
by KptMarchewa on Wednesday August 31, 2022 @07:03AM
(#32660599)
>Whether a country's set of economically productive organizations are owned by shareholders via a stock exchange or by whomever was powerful enough to take control of them by corrupt means seems irrelevant, no?
It is extremely relevant when you look at the outcomes.