this post was submitted on 06 Jan 2025
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By the way, commerce is not the same thing as capitalism.
It's not but it can't be divorced form capitalism either.
A farmer does not produce grain out of the goodness of his heart. He's doing it to provide for his family's needs and wants, maybe new clothes for his kids or a new stove, etc. We work jobs to get paid so we can feed ourselves and our families and maybe buy something nice or shiny once in a while and save for retirement.
Production of commodities and services, profit-motive, capital accumulation, If that's not the basis of capitalism, I'm not sure what is?
Capitalism is private control over the factors of production. So you can for example have a socialist society in which the factors of production are owned by the community, but there's still markets and commerce.
One hurdle we have to deal with is the assumption by the general public that markets = capitalism.
You tell people capitalism has failed them and they worry that you mean to take away their ability to buy a latte.