ext_50177 ([identity profile] fpb.livejournal.com) wrote in [personal profile] fpb 2011-10-08 11:23 am (UTC)

Re: About a red herring

Bullshit. The term defined the business structure that depended on capital. The Communist use of it is largely abusive and entirely secondary. I stand by my statement and maintain that the only way to use the term capitalism usefully without being misled by a dead political orthodoxy is to use it to describe the kind of business at whose heart lies the use of capital - a very important and very distinct concept which, but for "capitalism", would have no word to define it, thus reducing our ability to understand history and the world.

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