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General Discussion / Re: Let's make the biggest thread in history of war2 forums
« on: January 31, 2015, 09:13:17 AM »Definition of capitalism:
"Capitalism is an economic system in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit.[1][2] Central characteristics of capitalism include private property, capital accumulation, wage labour and, in many models, competitive markets.[3] In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.[4]" -source: http://en.wikipedia.org/wiki/Capitalism
What capitalistic is there in a 40% government? 40% publicly owned business of a country doesn't sound very private to me. Nor does it create very good soils for private enterprises to grow. I can argue pretty much all the characteristics of capitalistic society and point out how they are not applicable in the United States.
Nothing in the definition you posted says that's against capitalism. Not everything in a capitalist society has to be owned privately, that's stupid. Your own definition says "largely privately owned," not entirely. You can even have state capitalism where the state controls most of the major industries but still uses wage labor and organizes production around a profit margin and produces commodities to sell in the market. If the definition of capitalism meant no public ownership at all then the only societies that would be actually capitalist would be like hunter gatherer societies from pre-history.