One of the world’s largest investment banks: ‘Greedflation’ has gone too far

Re:One of the world’s largest investment banks: ‘Greedflatio... by zztop44 on Sunday April 09, 2023 @06:18AM (#35501356)

Capitalism is not a synonym for market economy. Capitalism is not the natural state of an economy. Like communism, it is a mode of political economy which emerged relatively recently, and if history is any guide it will be replaced by something else in due time.

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Re:One of the world’s largest investment banks: ‘Greedflatio... by seunosewa on Sunday April 09, 2023 @07:08AM (#35501599)

What's the difference between capitalism and a market economy?

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Re:One of the world’s largest investment banks: ‘Greedflatio... by JackFr on Sunday April 09, 2023 @07:13AM (#35501629)

Capitalism as characterized by permanent firms with private tradeable claims of ownership and separation of ownership from management is around 400 years old.

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Re:One of the world’s largest investment banks: ‘Greedflatio... by zztop44 on Sunday April 09, 2023 @08:10AM (#35501971)

But other elements, such as a wage labor market and global trade not being dominated by mercantilist states, are more recent. In any case, 400 years is relatively recent in terms of economic history.

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Re:One of the world’s largest investment banks: ‘Greedflatio... by lostmsu on Sunday April 09, 2023 @09:15AM (#35502424)

If you count history in transaction volume or raw number of transactions, most of it occured after 1900.

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