• Zombie@feddit.uk
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    7 days ago

    Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit.[a] This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.[b] Capitalist economies tend to experience a business cycle of economic growth followed by recessions.[13]

    https://en.m.wikipedia.org/wiki/Capitalism

    Capitalism doesn’t love you. It’s just an economic system. No need to defend it like it’s your mother.

    • rah@hilariouschaos.com
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      7 days ago

      Nothing you’ve said here contradicts what I said.

      Capitalism … No need to defend it like it’s your mother.

      I haven’t defended capitalism.