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restrictions on usury
I think there is a clear answer to how we can prevent a return to exploitation. The abolition of corporate personhood, an end to the patent monopoly, and restrictions on usury are step one. I think the rights of labor unions are critical since labor unions form a bastion against big business and are a good non-governmental alternative to the welfare state. The way I see it interestingly, is that my embrace of distributism is essentially the evolution of my libertarianism. I think distributism is true liberty as opposed to the corporate slavery libertarians favor.
Say goodbye to capitalism right there. The capitalist mode of production has two main elements: the private ownership of the means of production, and the investment of capital for profit
Some would claim that markets/exchange (the medium of exchange in developed capitalism being money) are key features of capitalism.
By that definition, every society more advanced than the hunter-gatherer stage has had a capitalist economy.
The key features of capitalism are those which make it different from all preceding modes of production. Having markets and a medium of exchange are therefore not key feature of capitalism, though of course it has these features as well, as does almost every other economic system. The Soviet Union had markets and a medium of exchange as well; does this mean that the Soviet economy was capitalist? If so, what was the Cold War all about?
The Soviet Union had markets and a medium of exchange as well; does this mean that the Soviet economy was capitalist? If so, what was the Cold War all about?
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