Difference between revisions of "Capitalism/woozle"

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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" -- putting private money into an enterprise with the expectation of greater private return -- should be the primary driver of an economy.
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'''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.