this post was submitted on 30 Jul 2026
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Political Memes
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Capitalism refers to economic systems were economic decisions are made by private, rather than public, actors.
The free market is a didactic model of a market with no barriers and no information imbalance.
Capitalism is where an ownership class undercompensates labor and pockets the spoils.
That's a basically inevitable consequence of capitalism, but it's not part of the definition.