@freemo I seem to get a lot of what is said or written instantly...
but lose it the very moment it comes to the scope or reality of Capitalism's role in life *today* or say last 100 years (Industrial Revolution being early 1900's perhaps).
So...
❓ Are we in a period of Capitalism?
❓ How does it successfully work to its own definition within the today or be seen clearly in the past on larger scale?
Example:
You mention the "me and you" example of doing a trade without rules and force- PERFECT- But the reality today is the opposite - there are rules and force beyond the 1 time deal and anything more regular between us is wanting to be regulated or punished (basically)... or within more people difficult.
Which is why the public might miss how it works and perhaps in a mixed system which part is or isn't Capitalism.
So seeking clarity on that with some very obvious questions helps see what it is (or is not).
❓ So are we in Capitalism?
The sense of Free-Market in small sense seems to make sense, but confuses me after any of the larger cases beyond cold definitions - So anything trying for more than theory or more than small scope is troublesome. It's almost like
❓ How can Capitalism not involve all these other extended things, because it seems quite impractical or non-existent without them.
For example - If you look at Free Market pages or almost anywhere for description (ok I didn't look everywhere but feel free to give examples) - it seems Capitalism NEEDS to involve all these other extended things more than just the basic theory and extends into talking about a litter of things,
like:
⏺️ **owners** of wealth,
⏺️ **property** or production ability in capital and **financial** markets
⏺️ maybe some government intervention (although not planning to start out that way so much it 'can' involve it).
So if financial markets are relative those Capitalistic things seem it seems it is or touches on things like:
⏺️ Stock markets,
⏺️ Commodity markets,
⏺️ Money markets
⏺️ Derivatives markets,
⏺️ Futures markets,
⏺️ Interbank lending market (#Banks etc)
Endlessly touching on more on more things (or else rendering itself impractical almost).
This seems to mean any scope outside of me and you, or in the context for today is not really possible and always need all these satellite things! 🛰️ 🪐
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SUMMARY:
Hope that explains the confusion or loop that is happening.
I feel like I could crack why sooooo many fall back into problems with this by asking.
Any more clarifying examples of what Capitalism is and isn't more than you and I appreciated.
Link below is only reference for reminding myself where we started conversation:
https://qoto.org/@freeschool/113764906931364134