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D_Alex comments on Why capitalism? - Less Wrong Discussion

6 Post author: Algon 03 May 2015 06:16PM

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Comment author: Lumifer 07 May 2015 02:45:35PM 1 point [-]

Capitalism is just a way of framing the rules in terms of private ownership.

Yes, but framing matters. Rules formulated in terms of private ownership will be different and have different consequences than rules formulated in terms of government licenses.