Still according to your definition we still have capitalism in the Nordic countries and in China. Both allow for private ownership of companies and have their own stock exchanges. So my point still stands.
And when do you mean we didn’t have capitalism? Since the dawn of agriculture it has been possible to own farms where the owner of the farm profits off the laborers of the farm and the land itself, the means of production. Isn’t that capitalism then?
Still according to your definition we still have capitalism in the Nordic countries and in China. Both allow for private ownership of companies and have their own stock exchanges. So my point still stands.
And when do you mean we didn’t have capitalism? Since the dawn of agriculture it has been possible to own farms where the owner of the farm profits off the laborers of the farm and the land itself, the means of production. Isn’t that capitalism then?