What is Capitalism?

the state of our economics knowledge

One has to know what capitalism is, getting beyond the common idea that the ownership is “private.” There is other kinds too. There is ownership that is public. Then again, there is ownership of ideas. There are, thus, at least three kinds of ownership. Everybody owns their own thinking. I ‘own’ this new kind of economic theory. Let’s take a peek, shall we?

Capitalism is not individualism, but rather we should consider that it is a form of society. In the market, sui generis, everyone has to work. If you are…