Saturday, August 12, 2017

The (free) market and Capitalism

I don't usually write "free market" anymore, just "the market", because if it's not free, it's not the market.

"The market" just means voluntary trade without coercion. Government "laws" make a market impossible-- although you can still create a mostly-"free" market through the Black (or Gray) Market.

"Capitalism" is simply the market plus the act of re-investing some of the profits ("capital") back into the market. A true capitalism is impossible under a government (due to the impossibility of a real market coexisting with government), although approximations can exist.

It is possible to have a non-capitalist market if you make no profit, or put none of your profits back into the business (and don't use that money to start another business, either). This will probably be a short-lived dead end, though.

Capitalism is not about "hierarchies", although there is nothing wrong with voluntary hierarchies.

It has nothing to do with exploitation, even though exploitation can happen in any arrangement.

Anarchy isn't anti-capitalist, unless "capitalism" is misidentified and defined incorrectly. Socialism dishonestly posing as "anarchism" is anti-capitalism because socialism is anti-property rights, and you can't have a market if you aren't allowed to own and use property.


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