• CanadaPlus@lemmy.sdf.org
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      2 days ago

      Depends what you mean by capitalism. It doesn’t have one universally preferred definition either.

      If you mean markets, even the USSR had one.

      If you mean big corporations running everything, we don’t live in capitalism right now.

      Feel free to add if you mean something else.

      • Bloomcole@lemmy.world
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        2 days ago

        Obviously not markets, everyone has those, also communist countries.
        They are simply regulated differently.

        If you mean big corporations running everything, we don’t live in capitalism right now.

        That is ultra capitalism, the final step before fascism/corporatism which capitalism ultimately leads to by design.

        • CanadaPlus@lemmy.sdf.org
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          1 day ago

          It hasn’t existed anywhere before - the OG fascist countries were built on top of fairly typical market economies for the time, with actually had much more interventionism than now, maybe China-level.

          You didn’t give a third option, so I guess we’re done.