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Joined 2 years ago
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Cake day: January 27th, 2022

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  • Neither does my statement reject capitalism. I reject the monopolies. There is not really a competitive market. It may or should be a natural monopoly but there are means to produce competitive markets but they are not yet implemented.

    Capitalism does not exclusively mean monopolies. Recap: https://en.m.wikipedia.org/wiki/Capitalism

    Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4][5] Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, economic freedom, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor and the production of commodities.[6][7][8][9] In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.