Capitalism is nothing but a giant pyramid scheme.
Capitalism is nothing but a giant pyramid scheme.
I don’t think people actually agree on the definition of capitalism itself, I just looked it up and was a little surprised how definitive it is:
an economic and political system in which a country’s trade and industry are controlled by private owners for profit.
If you asked whether capitalism is a political system, at least in my random polling, 2 out of 9 respondents said No.
That is because it is not a political system. It does not describe where legitimacy is derived from nor how the government should be structured.
Capitalism is an economic system with as little government intervention possible.