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Comment by stereolambda

3 years ago

Capitalism is one of the words that are so general and used for so many phenomena it often becomes useless in a conversation. One can think some market behavior is unethical and to be opposed by individual action, but not see an acceptable political way to remedy this. I don't generally subscribe to this type of thinking, but it is a position. People also tend to see production of culture as something that should be different from producing/selling cars or potatoes.

Besides, people seem to call "capitalism" a set of laws and regulations that are good for current large capital holders, and freely extracting money from people if you have superior psycho/marketing and lawyer power. But there is a vast, vast space of possible regulatory conditions that would still be essentially capitalist in how economy functions.