Via Oglaf (NSFW)

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50 points

That is called “commerce”, which is totally different from “capitalism”.

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2 points

“Commerce” is only possible if both parties are willing to respect each other’s natural right to have private property and each other’s right to express consent (voluntary exchange). By trading these goods, there is a mutual benefit (social cooperation) that emerges from wanting to satisfy their own self interest.

I think this is pretty capitalist for my taste. (And please, it’s not the same as corporatocracy).

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6 points

Commerce as you described it just sounds like ideal capitalism.

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-6 points

By “ideal capitalism” I think you meant praxeology (Mises’s Human Action) and Austrian Economics.

People are not perfect, and if they make mistakes, they should be the ones responsable for their own actions. This does not happen by the existence of FIAT money, subsidies, taxation, positive rights and every regulation the Monopoly of Violence does in our private lifes and commerce.

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4 points

You made capitalism sound quite nice

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1 point

It’s a well-known fact that there was no commerce in feudal societies.

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-2 points

Regardless of the socio-economic system imposed, commerce always persists because natural rights are inherent to human beings. Even in socialist systems, grey and black markets are going to be there.

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9 points

Commerce only requires personal property, not private property. The distinction is important.

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-6 points

Your (socialist) distinction between “personal property” (consumer goods) and private property (producer goods) is purely arbitrary. The difference between consumer and producer goods is totally subjective, as it depends of the individual using that good.

Each people as its own goals, they can use various means to achieve them and their knowledge, preferences and skills are not the same.

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