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Oh god you're a Lolbertarian and you're going to give us a precise convenient definition and expect any nation to fulfill all the requirements. So if say a prime national resource of a nation is nationalized, it's no longer a capitalist country? I mean I've dealt with whacko purists like you before.
how could it be? How can your right to own something exist if the government takes without compensation and without restraint.
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So Chile isn't capitalist because its biggest copper company is nationalized?
Of course it isn't.
It's such a big "duhhhhh".
When the government directs earnings and property (like your money or real estate) from you to someone else... It's no longer capitalist nor free enterprise.
It's very simple: The right to own property of any kind and to use it as you see fit.
That's capitalism.
Free enterprise is when government doesn't control your ability to trade with others.
The second is meaningless without the first.
How so poor third world nations not meet that criteria? Many of those nations don't bar people from staring a biz, they just can't cus they're poor. They rely a lot on foreign investment and a tiny local elite.
how could it be? How can your right to own something exist if the government takes without compensation and without restraint.
Of course it isn't.
It's such a big "duhhhhh".
When the government directs earnings and property (like your money or real estate) from you to someone else... It's no longer capitalist nor free enterprise.
Ok you're a whacko. Chile is championed as a titan of capitalism in Latin America. Wealthy people praise it more than they do the US.
How so poor third world nations not meet that criteria? Many of those nations don't bar people from staring a biz, they just can't cus they're poor. They rely a lot on foreign investment and a tiny local elite.
They don't have property rights and they don't have free enterprise.
duhhhh. Wow. How'd you ever miss that?
WE, here in the US, no longer have either. Which is why we're rapidly becoming impoverished.
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