Capitalism is simply allowing private citizens to own, in part or full, the means of production such as farms and businesses. I'm not sure that capitalism is responsible for a decision about dispersing government money to create terrible jobs resulting in mismanagement and horrible customer service.
> money still ends up in the hands of the wealthy
I think the definition of wealthy requires money end up in someone's hands.
>simply allowing private citizens to own, in part or full, the means of production such as farms and businesses.
To me this is just free enterprise and private property rights.
Capitalism is more like when the strength of the capital itself gives it a significant or outsized influence compared to the fundamental enterprise and private ownership interest.
Usually when Other People's Money is involved in ways where a chain of resources & debt is built that can influence enterprise and ownership in ways that might not take place otherwise.
Both positive and negative outcomes can be leveraged or exaggerated, for instance in the case of a benevolent capitalist compared to a greedy one.
Capitalism is simply allowing private citizens to own, in part or full, the means of production such as farms and businesses. I'm not sure that capitalism is responsible for a decision about dispersing government money to create terrible jobs resulting in mismanagement and horrible customer service.
> money still ends up in the hands of the wealthy
I think the definition of wealthy requires money end up in someone's hands.