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6 sats \ 5 replies \ @0xbitcoiner OP 19 Jun \ parent \ on: Americans still believe in the Founding—and want schools to teach capitalism Education econ

No government interference in schools… or in everything?

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6 sats \ 4 replies \ @Undisciplined 19 Jun

The "free" part of "free enterprise" means no state interference.

It's not in the interests of those who like wielding power to teach that free enterprise is better than regulated enterprise.

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6 sats \ 3 replies \ @0xbitcoiner OP 19 Jun

You mean “free markets”?

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27 sats \ 2 replies \ @Undisciplined 19 Jun

Capitalism, free enterprise, and free markets are synonyms (more or less).

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6 sats \ 1 reply \ @0xbitcoiner OP 19 Jun

ah ok, thanks!

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27 sats \ 0 replies \ @Undisciplined 19 Jun

The differences are subtle (and probably not even widely agreed upon):

  • Capitalism is the ideology that private property owners are the ones who should make decisions about how resources are used and distibuted
  • Free enterprise is the name of the economic system where people are allowed to run their businesses without state interference
  • Free market is the name of the institution (i.e. the set of rules/incentives) that exists when capitalism or free enterprise are being practiced.
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