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A private person who controls the production of his work and sells it in an open market economy is definitely capitalism.
by damascus 3y ago
A private person who controls the production of his work and sells it in an open market economy is definitely capitalism.
- zztop44 3y agoWhere is capital involved? Capitalism is not the only form of open market economy.
- JanSt 3y agoThe software he writes is the capital obviously
- damascus 3y agoFrom Investopedia: Capitalism is focused on the creation of wealth and ownership of capital and factors of production, whereas a free market system is focused on the exchange of wealth or goods and services. It's not the free market part that defines it as capitalism but rather the fact he owns the method of production. He owns the code he writes and he owns the business processes around those applications. He privately owns the capital assets (applications and business processes) which make the money.
- ljfjklklj 3y ago> Where is capital involved? Capitalism is not the only form of open market economy Right. Like you don't own anything but still somehow sell it on the open market. Apparently, "you can't have your cake and eat it, too" is a capitalist prejudice as comrades in the USSR would have ensured us.
- wahnfrieden 3y agoThere’s more thought on markets than capitalism and ML communism