you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 1 month ago (1 child)

so, not capitalism, because it can't compete?

  • source
  • parent
  • hideshow 1 child comment
  • [–] -5 points 1 month ago* (last edited 1 month ago)

    That's not how that works.

    Capitalism does not require universal free trade. That's not viable under any system.

    Edit:

    capitalism/kăp′ĭ-tl-ĭz″əm/

    noun

    An economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market.

    An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy. Similar: capitalist economy

    A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.

  • source
  • parent