this post was submitted on 21 Sep 2023
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Trading goods isn't capitalism. Trading goods has existed for thousands upon thousands of years. Capitalism has only existed for a few hundred years.
I know you mean well, but this speaks to a deep educational misunderstanding about what capitalism is. If you are interested in learning about what it is, how it functions and how it relates to and differs from previous systems I am up for helping out with a short 101 and making recommendations for further reading.
Sure! Feel free. I mean, I can read wikipedia and it basically says „private ownership of the means of production used for profit.“ as well as „competitive markets“ which are not what we are seeing nowadays.
I‘m used to being misunderstood due to my differently wired brain but I‘m always eager to learn. So hit me. :)
The correct one is „private ownership of the means of production used for profit.“ Capitalism is about having capital, that is, some thing that makes other people give you money, but you don't lose it when they give you money, like a factory, brand loyalty or IP rights. Competitive markets stifle this, so capitalists try to eliminate the competition and they've been succeeding. It's not like trading. In trading you give me money for my coal, but I don't have the coal any more so I have to dig more coal from the ground to get more money.