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6 sats \ 3 replies \ @0xbitcoiner OP 19 Jun \ parent \ on: Americans still believe in the Founding—and want schools to teach capitalism Education econ

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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