"We were raised in America to believe that capitalism is synonymous with a market economy, democracy and human liberty. Turns out it isn't true. The term "capitalism" means "rule by capital," which means rule by the owners of capital. It was originally used to refer to an economy in which ownership of the means of production is monopolized by a small financial elite for its exclusive benefit to the exclusion of the interests of the rest of society."
David Korten in Dream Of A Nation p. 87
Monday, April 1, 2013
Brockporter Thought For The Day - What is capitalism?
Posted on 8:39 AM by Unknown
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