@lemmy.world @lemmy.ml (thelemmy.club)
submitted 6 days ago* (last edited 6 days ago) by to c/memes@lemmy.world
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[–] 1 point 6 days ago (2 children)

Whether capitalism without competition is still capitalism is a matter of decades of debate.

because the word "capitalism" just doesn't have a coherent definition

Free trading of goods and services on markets has been a thing for pretty much the entire existence of human civilization; so have property rights. If those are the things that define "capitalism", it's extremely difficult to imagine a world without it; if they aren't, then which are?

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  • [–] [S] 0 points 6 days ago (1 child)
  • [–] 1 point 6 days ago

    OK, that's an interesting analysis and certainly one possible way to think about historical developments; the parts that are unclear are (1) whether this is trying to argue that the transition from feudalism to capitalism might be a bad thing (not something I've seen argued a lot) and (2) what, then, is socialism/communism?

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