"Nazism (national Socialism) and communism (international socialism) were but two sides of the same coin." - Margaret Thatcher

submitted by AXXA from goodreads.com

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[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (3 children)

Correct, both combine state power with market power in the government, which usually leads to very powerful and oppressive governments. Capitalism is supposed to separate markets and state

[–]Jesus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Capitalism is an incorporation in which all statutory laws are founded.

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Capitalism is an incorporation in which all statutory laws are founded.

That doesn't make sense...statutory laws are what grants a corporation corporate status

Capitalism is simply an economic arrangement in which you have a market economy, rather than a centrally planned one, and the means of production are privately rather than publicly owned. Any economic system with these two features that you could possibly conceive of is a type of capitalism

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Capitalism is an incorporation. The market economy is determined by persons under limited agency who are incorporated.

Anything outside of federally or statutory issued money used for commercial purposes, such as bartering...

Is NOT incorporated.