This take “capitalism is an innovation only enabled by massive government intervention” misses the mark. It doesn’t define capitalism; it just assumes we all agree on some vague historical version of it.
Capitalism, at its core, is private ownership, voluntary exchange, and profit driven markets.
Oh, so instead of a ‘vague historical version’ of capitalism that is widely accepted by applying a set of unique organizational characteristics that arose and spread from a single epicenter in Renaissance Europe, instead we have the vague historical notion that capitalism predates the written word. Great.
Government intervention isn’t part of the definition it’s something that’s been layered on top as capitalism evolved.
Fucking what.
You… you do realize that markets only exist because of government enforcement, right?
But to say capitalism only exists because of government intervention is just historically lazy.
No, not only does capitalism only exist because of government intervention, as capitalism is defined by transferable private investor ownership of the means of production, but markets themselves, which predate capitalism, also only exist because of government intervention, and claiming otherwise is ignorant of the basic underpinnings of pre-modern economics, instead projecting a very modern view of economic systems on the distant past wherein the very structures that enable every piece of the economic puzzle are, very often, fucking lacking entirely.
What really happened is the state and capital developed hand in hand. One didn’t invent the other. They just learned to exploit each other really well.
Sir or madam. You’re doing a gish gallop even Kent hovind would be proud of and I don’t have the energy or desire to fully respond to any of that. I’ve written enough dissertations in my life.
Capitalism doesn’t require need or desire government intervention to work or exist. I suggest you brush up on your economics or ask chatgpt to explain it to you.
Oh, so instead of a ‘vague historical version’ of capitalism that is widely accepted by applying a set of unique organizational characteristics that arose and spread from a single epicenter in Renaissance Europe, instead we have the vague historical notion that capitalism predates the written word. Great.
Fucking what.
You… you do realize that markets only exist because of government enforcement, right?
No, not only does capitalism only exist because of government intervention, as capitalism is defined by transferable private investor ownership of the means of production, but markets themselves, which predate capitalism, also only exist because of government intervention, and claiming otherwise is ignorant of the basic underpinnings of pre-modern economics, instead projecting a very modern view of economic systems on the distant past wherein the very structures that enable every piece of the economic puzzle are, very often, fucking lacking entirely.
Would you care to tell me what property is?
Sir or madam. You’re doing a gish gallop even Kent hovind would be proud of and I don’t have the energy or desire to fully respond to any of that. I’ve written enough dissertations in my life.
Capitalism doesn’t require need or desire government intervention to work or exist. I suggest you brush up on your economics or ask chatgpt to explain it to you.