Capitalism may be described as a system of economic anarchy in which those with economic power exploit people without such power for profit.

Well, it could be, but that’s sort of cynical, especially considering there is no system that has ever existed, in practice and in larger scale than tribes, where those with economic power do not have the ability to “exploit” others.

Of course, “exploit”, in this usage, is a synonym for “employ”.

And, a nuance: If a system is truly exploitative, the individual has no recourse; he or she will be doing the same thing, without the ability to improve their lot, and must continue doing it or starve.

But that’s not quite true in capitalism, is it? They improve the quality of their work, either through experience or education, and they are rewarded financially for doing so. It may not be as much of a reward as the Marxists would like, but it’s enough to take capitalism out of the “exploitative” category. And that’s not even considering the possibility that the employee may simply quit and start their own business, so they may exploit others. :-)

Interestingly, a capitalist economy is not guaranteed or even mentioned in the constitution and neither is the word corporation.

True. But because there is 250 years of case law behind both the system and the corporations, capitalism isn’t going anywhere without a shooting revolution that would leave the US in a financial ruin for several decades.

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Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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