Capitalism is when one person owns the capital and another person works it. This is also known as “an economy with jobs”.
The reason it’s associated with free markets is that people hiring other people — ie jobs existing — is what people decide to do when they are free to choose how to interact with one another.
Capitalism is when one person owns the capital and another person works it. This is also known as “an economy with jobs”.
The reason it’s associated with free markets is that people hiring other people — ie jobs existing — is what people decide to do when they are free to choose how to interact with one another.
Yeah but your point was that there wasn’t capitalism in healthcare because there is no free market, which is factually wrong.
You can have capitalism with or without free markets.
Would you say that an oligopoly isn’t capitalism? This isn’t a free market, but it is capitalism.