It’s difficult to pinpoint the definition of either term, but the community here has converged on approximately the following:
is an economic system based on the organization of private property for profits. Characteristics central to a capitalist economy include capital accumulation, voluntary exchange, a price system, and competitive markets.
Is a range of social or economic systems that share a desire to end the class relation found in capitalism between those who own the means of production and those who must sell their labor for a wage to survive.That said, both terms carry significant historical and ideological baggage, and there’s no […]
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