On Jul 14, 2017 11:53, "jim bell" <[email protected]> wrote:
I've long believed that people should stop using the term "capitalism" when they probably mean, "free market". "capitalism" might be the 1800 equivalent of "crowdfunding". I agree people should use the word "capitalism" more sparingly. However it's not because most people mean "free market" when they use the term. Rather it's because *some* people mean "free market", whatever *that* means. Some mean "the dominance of economy and society by mechanistic usury". Some mean "democracy", whatever *that* means. Some mean "American style police state tyranny". And some mean "the actually-existing socioeconomic system in America today". The profusion of definitions in use, and the sometimes fuzzy boundaries between them, make the word "capitalism" not very useful for communication without a lot of context.
