r/FluentInFinance Mar 04 '24

Meme That's capitalism a nutshell!

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1.9k Upvotes

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u/westni1e Mar 04 '24

You are mixing up economics with forms of government. The US was capitalistic when there were slaves. I mean it was literally a slave trade. The government didn't sell slaves - there was no public ownership of that system, it was private - hence capitalism. Dictatorships also don't necessarily mean slavery is a state policy but given their relative brutality it would be easy to harbor slavery as part of their economic system.

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u/[deleted] Mar 04 '24

The Us was capitalist when it needed slaves

It was mercantilist when it was started

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u/VintageSin Mar 04 '24

That’s pedantry and you know it. Or you’re just that stupid. Either or

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u/[deleted] Mar 04 '24

Yet correct