They use it in the meaning that many voluntary person-to-person interactions form a market, when property with which those are done is recognized. Nothing more specific.
They use it in the meaning that many voluntary person-to-person interactions form a market
It may be a market, but not all markets are capitalist. For a market to be capitalist it must be competitive [1].
References
- “Capitalism”. Wikipedia. Accessed: 2024-08-19T00:00Z. https://en.wikipedia.org/wiki/Capitalism.
Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor, sustenance and the production of commodities.
Until endless amount of interactions take the same from you as one, all such markets will be competitive. Sorry.
I don’t think that I understand what you are trying to say. Would you mind clarifying what you meant in your comment?
