this post was submitted on 06 Jan 2025
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Capitalism is private control over the factors of production. So you can for example have a socialist society in which the factors of production are owned by the community, but there's still markets and commerce.
One hurdle we have to deal with is the assumption by the general public that markets = capitalism.
You tell people capitalism has failed them and they worry that you mean to take away their ability to buy a latte.