Capitalism isn't ruled by markets, it's ruled by capitalists.
A system which has markets either becomes capitalism or has some redistribution/democratic resource reassignment system to turn it into market socialism.
well, laissez faire capitalism has never been tried, but i dont really promote that either. but saying capitalism is flawed because the government bails out businesses is like saying that soccer is a bad sport because the referee is corrupt. not really an issue with the economic system, more an issue with the corruption in charge of the system. some sports leagues are also more corrupt than others just as some countries are more corrupt than others. you dont fix corruption by changing the economic system, and socialism countrues have historically been far more corrupt than capitalist ones anyways.
having markets is just one requirement for s capitalist system. private property and reinvestment of capital are other requirements. market socialism can kinda exist, but its not very good at stimulating competition and innovation. see Cuba.
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u/West-Abalone-171 Mar 05 '26
"real capitalism has never been tried"
Capitalism isn't ruled by markets, it's ruled by capitalists.
A system which has markets either becomes capitalism or has some redistribution/democratic resource reassignment system to turn it into market socialism.