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"Innovation" (lemmy.world)
submitted 2 years ago by to c/politicalmemes@lemmy.world
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[–] 2 points 2 years ago (1 child)

You are conflating commerce with capitalism. They aren't the same things.

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  • [–] -4 points 2 years ago (2 children)

    F u tanky moron. Extremists are always bad Left wing as much as extreme capitalism.

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  • [–] 4 points 2 years ago (1 child)

    I'm not a tanky.

    You're still conflating capitalism and commerce.

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  • [–] [S] 4 points 2 years ago (2 children)

    He called me a Tankie in another thread. He doesn't know what it means.

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  • [–] 1 point 2 years ago

    They're right though. Freely trading goods and services is commerce, and an economy based on commerce is a market economy.

    Capitalism is specifically a market economy where the means of production are owned privately by an investor class, who increase their wealth exclusively by "profit": a discrepancy between the value the workers in a company contribute, and the compensation paid to those workers (Price- Cost [including wages] = Profit).

    There are non-capitalist market economy models. Like market socialism, in which economic production is still generated by private companies in a free market, but those companies are owned by the workers themselves rather than by non-employee shareholders.

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