Comment on YouTube cracking on ad blockers.

• Madrigal@lemmy.world ⁨1⁩ ⁨year⁩ ago

  That’s commerce, not capitalism.

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  • Thorny_Insight@lemm.ee ⁨1⁩ ⁨year⁩ ago

    That’s the foundation capitalism is built on.

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• KaleDaddy@reddthat.com ⁨1⁩ ⁨year⁩ ago

  Medieval communities did not engage in capitalism or any sort of internal market economy. Your assumption is that history defaults to a modern western mindset where everyone is highly individualistic and only interested in themselves. Yes you would give your neighbor eggs because you know theyll give you nails. Its called a “gift economy” by historians. Anyone who didnt help the community would be ostracized

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  • iopq@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Money was invented in 3000BC, with first coins being minted out of precious metals around 650 to 600BC

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    • Helluin@lemm.ee ⁨1⁩ ⁨year⁩ ago

      coins being around for a long time dosent mean that most trade relied on them though

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      • TheFonz@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Trade existed. Trade over privately owned goods. Also known as capitalism. Capitalism is a broad term and people in this thread are zoning in on modern day liberal interpretation of capitalism because they can’t wait to get their late stage capitalism verbiage in. Please, everyone take a step back or open a history book.

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  • Thorny_Insight@lemm.ee ⁨1⁩ ⁨year⁩ ago

    My comment is meant as a counter argument for the claim that capitalism is “manipulating you to buy specific shit”

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• lath@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Capitalism is the concentration of society around capital, hence the name capital-ism.

  Here’s a definition of capital:

  : a stock (see STOCK entry 1 sense 1a) of accumulated goods especially at a specified time and in contrast to income received during a specified period also : the value of these accumulated goods (2) : accumulated goods devoted to the production of other goods (3) : accumulated possessions calculated to bring in income set capital and land and labor to work —G. B. Shaw see also VENTURE CAPITAL b (1) : net worth : excess of assets over liabilities (2) : STOCK sense 2a see also CAPITAL GAIN, CAPITAL STOCK, EQUITY CAPITAL c : persons holding capital : capitalists considered as a group d : ADVANTAGE, GAIN make capital of the situation e : a store or supply of useful assets or advantages

  So Capitalism doesn’t give a shit about free market, workers, ethics, consumers, nation, environment etc, only about capital. Which is why Capitalism is good for the stock holders, yet bad for everyone else. Because stock holders will do anything for their capital.

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  • TheFonz@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I’m not sure why you’re defining “capital”.

    capitalism

    /ˈkapɪtəlɪz(ə)m/

    noun

    an economic and political system in which a country’s trade and industry are controlled by private owners for profit.

    “an era of free-market capitalism”

    This includes your labor: you are the private owner of your labor. Capitalism is not possible without free markets.

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    • lath@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Mostly for myself.

      The pointing i’m failing to make is you speak of Capitalism the same way others speak of Communism, of an ideal stateof mind where everyone plays nice and does what they’re supposed to. But few people do. Most play dirty and don’t respect these definitions. Like you say, the imagination is nice, however it’s reality that annoys and people come to hate and harm each other when profit is more important that coexistence.

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      • Thorny_Insight@lemm.ee ⁨1⁩ ⁨year⁩ ago

        I defend capitalism because I don’t want to live under communism. That doesn’t however mean that I’m a huge fan of the status quo either. Ofcourse I want more fair distribution of wealth, and that factories stop dumping waste into rivers etc. What I don’t want, however, is that we throw out the baby with the bathwater. I don’t advocate for that we just pull the plug on capitalism, whatever that even means. I’d much rather try and fix what’s wrong with it with better rules and regulations. Even if you think that’s impossible, it still sure is easier that rebuilding the whole thing from the ground up, and thinking you’ll succeed on the first try.

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      • TheFonz@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I don’t think there is an inherent ethical value ascribed to capitalism…it’s just a description of an economic system. It can be good or bad. It’s a broad description at that too.

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  • Thorny_Insight@lemm.ee ⁨1⁩ ⁨year⁩ ago

    That’s cool but, what does it have to do with the topic at hand?

    capitalism

    : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

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• emberwit@feddit.de ⁨1⁩ ⁨year⁩ ago

  You are mixing up free market and capitalism.

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  • Thorny_Insight@lemm.ee ⁨1⁩ ⁨year⁩ ago

    My definition is almost word to word the same that merriam webster gives. You can go have a look yourself.

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  • TheFonz@lemmy.world ⁨1⁩ ⁨year⁩ ago

    What are you talking about? Capitalism is inherently reliant on free markets. Otherwise what you have is a planned economy. You know, the opposite of capitalism?

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    • emberwit@feddit.de ⁨1⁩ ⁨year⁩ ago

      Capitalism is reliant on a free market. That does not make it the same nor does that mean that a free market is reliant on capitalism.

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• TheFonz@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Dude, you’re talking to 14 year olds that skimmed Das Kapital one time and binged second thought on yt for the sum of their economic education.

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