It’s a fundamentally different economic system at the principle aspect. For starters, public ownership does not mean production goes straight into the pockets of gov officials, they are paid salaries. Secondly, publicly owned services are usually not for profit, or even at cost, through taxpayer money or otherwise. Finally, Capitalists are a specific type of Capital owner, small handicraftsman, feudal lords, etc aren’t Capitalists but do own Capital. Even further, gov officials aren’t the owners of publicly owned industry, but indirect administrators. Managers and accountants in businesses aren’t the owners.
That’s like saying HR sets their own salaries, or Payroll. That’s not really accurate in reality.
The reason you’re running into problems is that you lack a consistent definition of Capitalism, you’re basically using it as a catch-all term for “economics.”
You’re getting farther and farther away from your original point.
I’m well aware of the answers to these questions, I want to know your perspective because I want to identify where your view is getting mixed up, specifically.
It’s a fundamentally different economic system at the principle aspect. For starters, public ownership does not mean production goes straight into the pockets of gov officials, they are paid salaries. Secondly, publicly owned services are usually not for profit, or even at cost, through taxpayer money or otherwise. Finally, Capitalists are a specific type of Capital owner, small handicraftsman, feudal lords, etc aren’t Capitalists but do own Capital. Even further, gov officials aren’t the owners of publicly owned industry, but indirect administrators. Managers and accountants in businesses aren’t the owners.
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That’s like saying HR sets their own salaries, or Payroll. That’s not really accurate in reality.
The reason you’re running into problems is that you lack a consistent definition of Capitalism, you’re basically using it as a catch-all term for “economics.”
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Not at all, government officials don’t work that way.
What do you think Capitalism is? Roughly when did it first appear? What’s Socialism?
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You’re getting farther and farther away from your original point.
I’m well aware of the answers to these questions, I want to know your perspective because I want to identify where your view is getting mixed up, specifically.
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If you want a recommendation, Nia Frome’s An Extremely Condensed Summary of Capital can put you on the right path in about 20 minutes.