Difference between revisions of "Capitalism/woozle"
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(Created page with "==About== '''Capitalism''' is the idea that "investment" -- putting private money into an enterprise with the expectation of greater private return -- should be the primary dr...") |
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| + | ''This is {{l/user|Woozle}}'s definition of [[capitalism]], to be refined over time.'' | ||
==About== | ==About== | ||
| − | '''Capitalism''' is the idea that "investment" | + | '''Capitalism''' is the idea that "investment" – putting private money ("capital") into an enterprise with the expectation of greater private return – should be the primary driver of an economy. |
It does not require the existence of free markets (e.g. [[laissez-faire capitalism]] tends to operate in ways that destroy competition), though it is compatible with them. | It does not require the existence of free markets (e.g. [[laissez-faire capitalism]] tends to operate in ways that destroy competition), though it is compatible with them. | ||
Revision as of 19:42, 27 May 2019
This is Woozle's definition of capitalism, to be refined over time.
About
Capitalism is the idea that "investment" – putting private money ("capital") into an enterprise with the expectation of greater private return – should be the primary driver of an economy.
It does not require the existence of free markets (e.g. laissez-faire capitalism tends to operate in ways that destroy competition), though it is compatible with them.