• 0ops@piefed.zip
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        7 hours ago

        A free market is often (not necessarily) a characteristic of capitalism, but it’s not what makes a system capitalist. Capitalism is specifically when the means of production (the “capital”) are privately owned (by a single “capitalist” or a group of shareholder capitalists).

        This is opposed to socialism where the working class owns the means of production. Socialism vs capitalism basically comes down to who owns the mills and factories , the people who work there or some fat cat on a yacht somewhere? You can Google it for better explanations than I can give.