this post was submitted on 23 Feb 2024
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[–] [email protected] 1 points 7 months ago* (last edited 7 months ago)

Capitalism is not just when the means of production are owned by individuals. For example, in an economy where all firms are democratically-controlled by the people that work in them, the means of production can be owned by individuals, but such an economy is not capitalist because exploitative property relations associated with capitalism are abolished