Earlier quoted context omitted.
Capitalism doesn’t inherently mean companies get to alter the laws to favor themselves or government should decide winners and losers with bailouts. That’s a function of the political system involved. This is something else. In some ways it’s closest too feudalism where the rule of law is subservient to various powerful entities and limited competition exists parallel to various monopolies. Though obviously it’s very…
It kind of does? I go back and forth on this - I do hate the trope of blaming everything on "capitalism", because doing so seems like a recipe for something much worse. But the best good faith definition of capitalism that I can come up with is that it's a framework focusing on capital first and foremost. Contrast with focusing on free markets first and foremost. A lot of people hand wave away the distinction between…
That seems to equate our current system as the only thing that qualifies as capitalism. Slavery or the abolition of slavery both seem happy to coexist in our definition of capitalist societies. We are happy to talk about ownership of the means of production without including the ownership of workers. The same presumably applies to the existence or non existence of individual elements like intellectual property etc.
Ie. The idea of patents of limited duration alongside copyright of seemingly endless duration both seem to qualify as capitalism.