Comment by thrance
9 days ago
Capitalism was never about owning things. It's about accumulating capital (hence the name), and renting stuff is more profitable than selling stuff.
9 days ago
Capitalism was never about owning things. It's about accumulating capital (hence the name), and renting stuff is more profitable than selling stuff.
not quite: its about accumulating capital yes, but also with private ownership (as opposed to collective ownership) and the use of said capital to gain more capital (investment returns put back into more investment)
maybe, maybe not, but it is usually more stable and predictable
Nope, you can have capitalism where the vast majority of the population is legally or economically barred from owning anything. The only private ownership required in capitalism is that of the means of production, which says absolutely nothing about the rest.
well, thats exactly what i was referring to ^_^
i agree, for personal property, you indeed could have capitalism and deny private personal ownership, and that is a worrying trend nowadays.