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What Chinese Capitalists Owe to Mao Zedong

3 点作者 lfischer将近 3 年前

1 comment

refurb将近 3 年前
<i>” We can think about the distinction between the market and capitalism using the analogy of a farmer’s market and a grocery store. In the traditional farmer’s market, people are trading things with one another for money and using money to buy things. But in a gigantic grocery corporation like Safeway or Giant, all the profit is accumulated and reinvested by the store. Profit is the central goal of these monopolistic operations, which run on a very different logic from a market. So that is the basic distinction between the market and capitalism.”</i><p>That’s a distinction without a difference.<p>The farmer is accumulating profit for the same purposes as Safeway - to use it to either invest or consume.