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@zrb@astrodon.social @NatureMC @cian @breadandcircuses I don't think you can define "capitalism" without using the word, "accumulation", applied to goods and services and tempered with demand.
@cian
Economists are the greatest men on Earth! They have been developing this marvellous system under which we live now, together with their friends who own the planet and its resources! I'm very glad that they are so kind to share a little part of it with me! Aren't you?
@lwriemen @NatureMC @breadandcircuses @zrb
Economists are the greatest men on Earth! They have been developing this marvellous system under which we live now, together with their friends who own the planet and its resources! I'm very glad that they are so kind to share a little part of it with me! Aren't you?
@lwriemen @NatureMC @breadandcircuses @zrb
@cian @zrb@astrodon.social @NatureMC @breadandcircuses Err...define capital...
@lwriemen @zrb @NatureMC @breadandcircuses
Accumulation in capitalism occurs with capital, not goods and services.
Supply and demand exist in any system (as do debt and money in almost any social system, though they vary considerably). Economists are ironically very bad at modelling supply/demand curves.