4 May 2014 4:12 pm
Free enterprise requires the exchange of capital.Cannonpointer » 04 May 2014 3:37 pm » wrote: This is a mistake.
Capitalism is a system where CAPITAL makes the rules, and all of the emphasis and power are focused on CAPITAL.
Free Enterprise is a system which rewards ENTERPRISE, not capital, and participants need no special license, no imprimatur of entrance, no friends in high places - just an idea, some energy, and as much money as market implementation of that idea requires.
WE DON'T HAVE A CRONY CAPITALISM PROBLEM. WE HAVE A CAPITALISM PROBLEM. The solution is free enterprise - what the founders implemented when they overthrew the British East India Company.
Mo, we live in a capitalist society. Capitalism is what it is, and pretending that your abuser's problem is curable - that he's ACTUALLY a "good guy" who just needs therapy - is not the solution. Nuking Wall Street to rescue Main Street is the solution.
What part of wiki's definition do you disagree or take issue with?
Capitalism is an economic system in which trade, industry, and the means of production are controlled by private owners with the goal of making profits in a market economy. Wikipedia
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