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Consumer Heaven. Except for Housing and Sex
#31

Consumer Heaven. Except for Housing and Sex

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My understanding of "capitalism" is private ownership of the means of production. Since economics is the concern with production, distribution, and consumption... then the idea of capitalism would certainly fall under that.

Then it seems we can agree that "capitalism" would include more elements than simply "private ownership" such as the profit motive? It is very strange to hear somebody state that the economic system of capitalism has no goal (and more generally systems do not have goals). Dunno your thoughts on evolution, but are you saying that natural selection doesn't exist? How about the way a cell gradient works? Or are you only against the "anthropomorphizing" of calling it a "goal" because there isn't a human brain "thinking"? It's a very odd perspective.

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Out of curiosity, what did Mises say about capitalism that you feel was not realistic?

It was more generally about Austrians and the way they view any government intervention as "evil."
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