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Experts Believe N. Korea Had Outside Help for Nuke Site

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dog philosopher ஐஒஔ௸11/23/2010 2:51:09 pm PST

re: #92 Thanos

no, there’s no diff. Trade is capitalism. Free trade that is..

trade existed for thousands of years before there was anything like capital to invest. barter does not necessarily result in accumulation of capital

generally, hunters and gatherers, and subsistence farmers, engage in trade at a low level and without designating any substance as “capital”. capital as such only came into being in post neolithic, post subsistence societies where there was a surplus and division of labor

some definitions
•Capitalism is an economic and social system in which capital and land, the non-labor factors of production (also known as the means of production), are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested

•Capitalism is “the condition of possessing capital“ [1]. It refers to an economic system whereby goods and services are exchanged on a for-profit basis. Exchange is generally mediated through money

an economic system in which private parties make their goods and services available on a free market and seek to make a profit on their activities