sanibel
Well-known member
cap?i?tal?ism
ˈkapədlˌizəm/
noun
1.an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
2. an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
Capitalism is both very good and very bad depending on what side you are in a situation. And yes: Capitalism could stymie innovation.
(By the way, I've written to both CVS & Rite Aid (per Rene Ritchie's article), pointing out that Apple Pay is simply better technology than CurrentC.)
ˈkapədlˌizəm/
noun
1.an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
2. an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
Capitalism is both very good and very bad depending on what side you are in a situation. And yes: Capitalism could stymie innovation.
(By the way, I've written to both CVS & Rite Aid (per Rene Ritchie's article), pointing out that Apple Pay is simply better technology than CurrentC.)
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