this post was submitted on 23 Sep 2026
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because the word "capitalism" just doesn't have a coherent definition
Free trading of goods and services on markets has been a thing for pretty much the entire existence of human civilization; so have property rights. If those are the things that define "capitalism", it's extremely difficult to imagine a world without it; if they aren't, then which are?
@schnurrito I made an attempt recently: https://mishathings.org/posts/what-is-capitalism/
https://mishathings.org/posts/what-is-capitalism/
OK, that's an interesting analysis and certainly one possible way to think about historical developments; the parts that are unclear are (1) whether this is trying to argue that the transition from feudalism to capitalism might be a bad thing (not something I've seen argued a lot) and (2) what, then, is socialism/communism?