On Jul 14, 2017 11:53, "jim bell" wrote:
I've long believed that people should stop using the term "capitalism" when
they probably mean, "free market". "capitalism" might be the 1800
equivalent of "crowdfunding".
I agree people should use the word "capitalism" more sparingly. However
it's not because most people mean "free market" when they use the term.
Rather it's because *some* people mean "free market", whatever *that*
means. Some mean "the dominance of economy and society by mechanistic
usury". Some mean "democracy", whatever *that* means. Some mean "American
style police state tyranny". And some mean "the actually-existing
socioeconomic system in America today".
The profusion of definitions in use, and the sometimes fuzzy boundaries
between them, make the word "capitalism" not very useful for communication
without a lot of context.