@[email protected] asked “why are folks so anti-capitalist?” not long ago. It got quite a few comments. But I noticed a trend: a lot of people there didn’t agree on the definition of “capitalism”.
And the lack of common definition was hobbling the entire discussion. So I wanted to ask a precursor question. One that needs to be asked before anybody can even start talking about whether capitalism is helpful or good or necessary.
Main Question
- What is capitalism?
- Since your answer above likely included the word “capital”, what is capital?
- And either,
- A) How does capitalism empower people to own what they produce? or, (if you believe the opposite,)
- B) How does capitalism strip people of their control over what they produce?
Bonus Questions (mix and match or take them all or ignore them altogether)
- Say you are an individual who sells something you create. Are you a capitalist?
- If you are the above person, can you exist in both capitalist society and one in which private property has been abolished?
- Say you create and sell some product regularly (as above), but have more orders than you can fulfill alone. Is there any way to expand your operation and meet demand without using capitalist methods (such as hiring wage workers or selling your recipes / process to local franchisees for a cut of their proceeds, etc)?
- Is the distinction between a worker cooperative and a more traditional business important? Why is the distinction important?
If you ask me it’s the exact opposite… Copying someone else’s work with no benefit to them removes a big driver for innovation.
This also only really applies with corporations - you could in theory have everyone be self-employed in a capitalist society
Ideally, copyrights and patents would protect the small inventor and small musician. Unfortunately, wielding copyrights and patents in any useful way requires other forms of capital. (You have to have wealth in order to sue someone for infringement.)
However that’s an issue with the legal system rather than anything else and could also exist without capitalism - it’s possible for the legal system to be dominated by any powerful entity from corporations to the state to unions depending on the political system, and if you don’t have enough sway within one of those powerful entities then tough luck