This is backwards. Capitalism is the disruption of free markets to create extraordinary profits for some and higher costs for most. Ford is doing Capitalism. What Capitalists don’t want are free markets.
Capitalism is to broad of a term to say it’s different.
Subforms of it may differ (i.e. to my knowledge there is no free market capitalism, although at this point likely better than what especially USA does have…).
I’d say free market capitalism is the purest form of it though.
The reality is unfortunately worse (e.g. fossilized energy is still substituted, lobby is much too strong etc. regulations at this point do more damage than good).
This is backwards. Capitalism is the disruption of free markets to create extraordinary profits for some and higher costs for most. Ford is doing Capitalism. What Capitalists don’t want are free markets.
People definitely do not understand that free markets and capitalism are different things.
It’s intentional, like the conflation of capitalism and democracy. It doesn’t make sense if any thought is put to it but that doesn’t happen enough.
Capitalism is to broad of a term to say it’s different.
Subforms of it may differ (i.e. to my knowledge there is no free market capitalism, although at this point likely better than what especially USA does have…). I’d say free market capitalism is the purest form of it though.
The reality is unfortunately worse (e.g. fossilized energy is still substituted, lobby is much too strong etc. regulations at this point do more damage than good).
And I say all of this as a communist…
Capitalism refers to economic systems were economic decisions are made by private, rather than public, actors.
The free market is a didactic model of a market with no barriers and no information imbalance.
Capitalism is where an ownership class undercompensates labor and pockets the spoils.
That’s a basically inevitable consequence of capitalism, but it’s not part of the definition.