Why Do We Call It Capitalism?

credit: iStock/nuvolanevicata

As Americans we generally believe in capitalism as a superior economic system, and are typically convinced that our country is run on capitalistic principles.

But I’ve been wondering lately: If these things are really true, then why do so few Americans actually possess any capital?

If we really believe that the means of production should be owned by ordinary citizens, and not by our…



Chief Practopian at The Practical Utopian

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