Capitalism is not an abstract concept at all: private ownership of the means of production. Sure, there are many economic theories to go on from there, but how does it change anything to the criticism of this very core idea?
Feel free to come up with a better definition. It’s the one you’ll find in most dictionaries and textbooks. Of course there are more elements to it depending on the exact philosophy (more or less free market et al), but in the end, it all boils down to exactly that ¯\_(ツ)_/¯
Capitalism is not an abstract concept at all: private ownership of the means of production. Sure, there are many economic theories to go on from there, but how does it change anything to the criticism of this very core idea?
Without additional qualifications on the term capitalism, that is a terrible definition of capitalism.
marx coined the term, and using his definition is the only way it makes sense.
Feel free to come up with a better definition. It’s the one you’ll find in most dictionaries and textbooks. Of course there are more elements to it depending on the exact philosophy (more or less free market et al), but in the end, it all boils down to exactly that ¯\_(ツ)_/¯