this post was submitted on 10 Aug 2023
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The core of capitalism is that you own the means of production and what you produce. Corporate/crony capitalism is that you can own things that other people make because you paid them to make it. Under free market capitalism, I don't own the thing until I pay for the thing.
I hire you to make a chair and I'll probably give you some money beforehand to reserve the chair and pay for materials, but the chair isn't mine until you give it to me and I pay
No.
It's almost as if you can't describe an entire economic system in a single sentence accurately. Who knew?
While you can't describe a whole ass mode of production in much detail in a single sentence, the pushback you're getting is because your description is basically the opposite of one of the defining features of capitalism. As another user pointed out, your comments show you do not understand what is meant by "means of production".