What is better than Capitalism?

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Dog 3000 D
Dog 3000 Sep 8, 2003 20:03:59
Replying to Rhiannon

How is that incompatible with so-called "capitalism"?

Which should more correctly be called "free market enterprise." Capitalism was a prejorative term coined by Karl Marx.

Centrally-planned state-run economies like in the Communist countries certainly have nothing to do with local control or personal responsibility . . . .

M morfe lux
morfe lux Sep 8, 2003 20:17:32
Replying to Dog 3000

Capitalism may be pejorative in marx's eyes, but nowadays (i.e capitalism.org) it seems to have been adopted by the laissez faire bunch.

So can we please use the word for argument's sake mr Dog? ;-)

M MonkeyBoy
MonkeyBoy Sep 8, 2003 23:45:40
Replying to Dog 3000

Karl Marx never really spoke of state ownership. It was Lenin who equated state ownership with socialism.