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probably a lot of people are using terrible definitions of 'capitalism' such as '“things can be owned and sold” + “you can profit from investment”', which explains why these discussions are full of so much nonsense

wikipedia's current definition says:

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor and the production of commodities. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.

this is not a perfect definition but it is a much better one




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