Invisible <voi### [at] devnull> wrote:
> >   Capitalism may sound "bad" on paper (at least if you believe the hype),
> > but in practice it just works.

> What's capitalism?

  In essence: Free commerce and the right for individuals to own wealth.

> And, for that matter, we still have socialism, fashism, fuedalism, and 
> all those other isms that nobody understands...

  I don't think capitalism should be confused with those because capitalism
is more an economic model than a governmental one. While some governmental
models also imply a certain economic model (such as is mostly the case
with communism), capitalism is not so much tied to the specific govermental
model. For example, AFAIK, China is some kind of mixture of communism and
capitalism at the same time (I'm not exactly sure how it works there because
I haven't studied the subject).

  Of course capitalism seems to work best with democracy because they are
both based on the same concept: Freedom.

-- 
                                                          - Warp

Post a reply to this message