I like to distinguish between ideological, Friedmanite capitalism, which I call big C Capitalism and broader concepts such as trade, competition, new commercial ideas, which I call small c capitalism.
Big C Capitalism is more of an oligarch-promoted, authoritarian ideology with clear fascistsa tendencies (see Friedman’s statement that “free markets” take precedent over democratic governance).
Small c capitalism is more a quality of human civilization and its implementation reflects social and cultural developments.
Capitalism is private ownership of production. That is indefensible regardless of how much you try to seperate the worst elements of capitalism from its root.
I like to distinguish between ideological, Friedmanite capitalism, which I call big C Capitalism and broader concepts such as trade, competition, new commercial ideas, which I call small c capitalism.
Big C Capitalism is more of an oligarch-promoted, authoritarian ideology with clear fascistsa tendencies (see Friedman’s statement that “free markets” take precedent over democratic governance).
Small c capitalism is more a quality of human civilization and its implementation reflects social and cultural developments.
Capitalism is private ownership of production. That is indefensible regardless of how much you try to seperate the worst elements of capitalism from its root.