this post was submitted on 22 Jul 2024
586 points (97.6% liked)
Technology
59086 readers
3563 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 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think that an economy lead by financial interest, open market, and a hierarchy in the production is a good definition of capitalism.
And yes, definitely the way that people get food, housing, and not being exclude will define a lot of thing in society.
Capitalism is, in essence, the ability for people to exchange their goods freely. It isn't dependent on corporations or some weird hierarchy of managers and workers. Those are facts of living in this system, but it isn't a direct consequence of "capitalism." If everyone worked only for themselves and produced something to bring to the exchange, that would still be capitalism.