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33 sats \ 2 replies \ @Undisciplined 21h \ parent \ on: Is Capitalism Making Us Lonely? AskSN
This clears up the disconnect.
There are two common uses of the term. One is what you’re describing, which includes nominally private enterprises with lots of state interference.
The other, which most of us tend to use, is private enterprise without state interference.
We usually use cronyism or corporatism for the current system.
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42 sats \ 1 reply \ @0xbitcoiner OP 21h
Makes more sense now, thanks!
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33 sats \ 0 replies \ @Undisciplined 21h
The term is historically muddy because it started as a commie smear of western industrial economies, which is basically the usage you’re familiar with, but then libertarians/objectivists/liberals co-opted it and made it synonymous with free markets.
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