Honestly, I feel like the word "capitalism" should be retired because it means completely different things to both sides.
Pro-capitalists mean decentralization of control and individual freedom in how people use their own labor and resources.
Anti-capitalists typically seem to use it as an all-purpose scapegoat and boogeyman to blame things on.
From the way that they use it, capitalism seems more like an omnipresent entity who's in charge of everything
Capitalism just means "a society where I have to work in order to live" to most people who use the term.
The only correct meaning of capitalism is “industrial employment”. By the “free trade and private property” definition, the pre-reservation Navajo were capitalist and the “American School” in political economy was not.
We should in fact retire the term. Not least because modern entrepreneurial economics is as different from 19th century industrialism as that was from 18th century mercantilism (which is the context “capitalist” was first used in—and was absolutely not free trade).
Kinda weird how all of the comments under this post defending capitalism are being made by people who are also okay with both genocide and colonization. Both of which are things that capitalism allows thorough exploitation.
Funny how it always seems to be the case
I love how none of these idiots can even define capitalism because wtf do you mean "the only correct meaning of capitalism is industrial employment" dhsjhdksjdd actually capitalism is when you have a job in a factory 🤓
But the funniest part of this is how none of them understand that anti capitalist are criticizing the social relation between capital and labor. Who owns productive assets, who must sell labor to survive, and whose interests production serves and how that leads to things like alienated labor (what the original tweet in the screenshot was basically saying)
Smartest Zios
Well, they can't possibly understand criticism of capitalism if they can't even define capitalism
