this post was submitted on 06 Jul 2023
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I agree, but that isn't reality. Even Richard Wolff agrees that there is a spectrum.
But what's at one end of the spectrum here?
Light is a spectrum, and the ends of that spectrum are defined: 0 frequency at one end and infinite frequency at the other. A spectrum covering an infinite number of points ranging between two precise, simple definitions.
I define socialism as: joint ownership of the means of production by the people
I like the definition of capitalism as this, from wikipedia:
My short snarky definition is: Capitalism is the economic system where cooperation requires consent.