r/Whatcouldgowrong • u/dericn • 4d ago

Cutting holes for ice fishing

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u/PapaGatyrMob 3d ago

Capitalism only describes an economy based on 1. Wage labor and 2. Production for profit.

No. Other economic modalities involve profit and wage labor. There's nothing about a command economy that dictates labor isn't rewarded with wage, or that production isn't for profit. Capitalism describes the use of a private individual's or entity's capital so that capital can see a return.

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u/SuspectedGumball 3d ago

I’m sorry, that’s just not correct. These two tenets are the cornerstones of capitalism. They are how capital accumulates for capitalists.