alt Hacker NewsPrivate ownership of the means of production is one salient feature of capitalism, but it's not the definition. Capitalism is when capital controls everything, more-or-less.
Private ownership of the means of production is one salient feature of capitalism, but it's not the definition. Capitalism is when capital controls everything, more-or-less.
Nope. Capitalism == private ownership of the means of production. There is no definition that exists or is taken seriously that defines capitalism in a major or minor way as a system in which "capital controls everything".