13991, RE: too much to type out... Posted by Ape Redwood, Thu May-31-01 03:45 PM
> >Capitalism: A system of exchanging some >form of currency for goods, >services and/or commodities.
That's the definiton of a market economy. Not capitalism. Important difference.
Also a >system whereby people can accumulate >wealth in the form of >goods, services, property, etc. >
This can also occur in any economic system. Including communism.
>Our ancestors sold gold to the >europeans = capitalism
No thats just an economic action
>Our ancestors trade systems = capitalism
ditto
> >Ancient Pharoah's of egypt: gold, their >possessions, their kingdoms = Capitalism >
No. Actually the vast accumulation of wealth (instead of CAPITAL) and the large central role the Egyptian State played in the economy goes against the tenets of good capitalism.
Just pointing it out.
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