Thats not capitalism. Thats a person producing something and trading it for something else. Capitalism is borrowing capital from a person or entity that has more of it than you, for the promise of a share of the return if there is one. Ita a system of making money without actually working yourself. Its more nuanced than that and it has its pros and cons, but this is a lemmy comment and im just some guy
I’ve never heard that the initial investment has to come from a third party for it to be considered capitalism. Does that mean if a person had a business, sold it, then took the capital from that sale to start a new business that couldn’t be considered capitalism since a third party wasn’t the one investing?
At first first glance that just seems lile growth, but the very act of selling it involves a 3rd party. The profit made on the sale isnt directly based on a good or service produced, but the promise that they will collect more money than they put in for the business. Doesnt have to be a bad thing though. It could be sold to the workers who then directly benefit from it. Thats still capitalism, just a version of it thats more palatable and equitable.
Thats not capitalism. Thats a person producing something and trading it for something else. Capitalism is borrowing capital from a person or entity that has more of it than you, for the promise of a share of the return if there is one. Ita a system of making money without actually working yourself. Its more nuanced than that and it has its pros and cons, but this is a lemmy comment and im just some guy
I’ve never heard that the initial investment has to come from a third party for it to be considered capitalism. Does that mean if a person had a business, sold it, then took the capital from that sale to start a new business that couldn’t be considered capitalism since a third party wasn’t the one investing?
At first first glance that just seems lile growth, but the very act of selling it involves a 3rd party. The profit made on the sale isnt directly based on a good or service produced, but the promise that they will collect more money than they put in for the business. Doesnt have to be a bad thing though. It could be sold to the workers who then directly benefit from it. Thats still capitalism, just a version of it thats more palatable and equitable.