So, it isn’t the ownership and trade of capital that makes something capitalism, it’s when someone is allowed to accumulate too much capital?
What constitutes “enough” capital to push it over the edge into capitalism?
Or is it that you cannot have non-owner workers? That you can’t employ additional help without those people buying into the business?
Not trying to be an ass. Just trying to understand the distinction. I genuinely don’t know what “all the requirements” necessary to make it capitalism are, and try as I might I am not finding any beyond the literal definition in the dictionary, which doesn’t have any.
What is the source for this definition of capitalism? Just trying to figure out if this is, like, the “academic definition” or something. Cause, as you say, what words mean does mean something, which is why we have different words for different things.
I do think it’s really easy to redefine words in a “no true Scotsman”-y way, where you redefine a general word to mean “just the versions of that thing I don’t like,” in order to tribalise it. Which doesn’t mean that’s what you’re doing here. I’m just trying to understand, and I think if we can’t agree on what the word capitalism even means, we aren’t exactly going to get anywhere. So I’m just trying to figure out what definition of the term you are using and why.
See, the trick there is in your first paragraph I feel like. Under mercantilism, trade is under the almost exclusive purview of the government. So I would argue this doesn’t really meet the definition of “free trade.”
But, to steel man a bit, when “the government” is fairly unstructured, like in a feudal system, the line between government control of trade and “private citizen” control of trade can be a bit blurry. And over time I’m sure it gets messy whether a person is a “government entity” or not.
I do also feel like there’s a “difference of scale is difference of kind” problem here. Obviously if you own a copper mine and employ hundreds of people to go down and mine it for you, you own the means of production. But also, if you run a small restaurant in a strip mall and hire a half dozen servers to wait tables, you also own the means of production.
And, to your point, there probably were private innkeepers under mercantilism that took coin in exchange for goods and services. They probably employed people to help work the place. Does that make it capitalism? What if the owner used the money from that inn to build another, then another and another, and eventually had the money to buy a title and become part of the “noble class”? Is it capitalism then? Does a system that allows for that count as a capitalism, or does it need to actively encourage it?
Idk. I think my big issue, at the end of the day, is that the word capitalism doesn’t really mean anything. Or, rather, no one can really agree on what it means, and it just turns into a tribalism stand in word for “anyone who disagrees with me on economic policy.” But that’s so unspecific as to be totally useless. What parts of “capitalism” are you decrying? What would you replace it with? But I feel like any questions are met with anger that you’re not bought into the anti-capitalist agenda, even though no two people seem to agree on what that actually means.