• Doc_Crankenstein@slrpnk.net
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    8 days ago

    They are diametrically oppositional and anyone who says otherwise is completely ignorant of political theory.

    Capitalism is an economic system which utilizes a system private ownership over the means of production. Socialism is a system of collective ownership. You cannot have private and collective ownership simultaneously.

    Do not confuse capitalism with commerce.

    • Ravel@sh.itjust.works
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      8 days ago

      You cannot have private and collective ownership simultaneously.

      Well, there is state capitalism like China, where production is theoretically owned publicly via representatives of the people, but in practice is more like private ownership with extra steps.