I think you are describing free markets, not capitalism. Capitalism means accumu... | Hacker News

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		dh2022 10 months ago \| parent \| context \| favorite \| on: 'Profit-Enhancing Middlemen' Fuel $200B Health-Car... I think you are describing free markets, not capitalism. Capitalism means accumulation of capital through any means possible. Sometimes monopolies are examples of capitalism.

matthest 10 months ago [–]

I guess it depends on which definition you use at this point, but Adam Smith's original definition of capitalism fundamentally required free markets.

Of course, what we have today is not Adam Smith's capitalism.

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