Capitalism is when there is a capitalist class that owns the means of production in order to extract surplus value, and a working class that uses the means of production in order to create value.
The truest capitalism would be a society where one individual owned everything and everyone else had to work under that individual.
Capitalism does not care - and never has cared - about people’s ability to buy stuff. That’s why market crisises happen. It’s the result of capitalists taking more than the workers can afford to lose.
There have been times when the capitalist class has cooperated with the demands and needs of the working class. That’s called a mixed economy, and as the name suggests, it’s a compromise between capitalism and socialism and therefore far from “true” capitalism.
To add on were not even capitalists anymore its basically corporate welfare and socialism. Why tax a net loss company that just made billions this year. If they ever fail like covid the government will bail them out.
Socialism is when the workers directly own their workplaces. While there are strains of socialism that view government ownership of businesses as an indirect form of worker ownership, they only view it as socialism if the government also abolishes the profit motive from those businesses.
Corporate welfare is a form of state/planned capitalism. Private ownership, profits and internal organizing; with the state being the main (or only) customer and also the party that takes on all the risks.
Capitalism is when there is a capitalist class that owns the means of production in order to extract surplus value, and a working class that uses the means of production in order to create value.
The truest capitalism would be a society where one individual owned everything and everyone else had to work under that individual.
Capitalism does not care - and never has cared - about people’s ability to buy stuff. That’s why market crisises happen. It’s the result of capitalists taking more than the workers can afford to lose.
There have been times when the capitalist class has cooperated with the demands and needs of the working class. That’s called a mixed economy, and as the name suggests, it’s a compromise between capitalism and socialism and therefore far from “true” capitalism.
To add on were not even capitalists anymore its basically corporate welfare and socialism. Why tax a net loss company that just made billions this year. If they ever fail like covid the government will bail them out.
Socialism is when the workers directly own their workplaces. While there are strains of socialism that view government ownership of businesses as an indirect form of worker ownership, they only view it as socialism if the government also abolishes the profit motive from those businesses.
Corporate welfare is a form of state/planned capitalism. Private ownership, profits and internal organizing; with the state being the main (or only) customer and also the party that takes on all the risks.