30 Jul '14 00:40>
Originally posted by wolfgang59"1. In capitalism money is made through investment. Advertising and
1. In capitalism money is made through investment. Advertising and
consumerism are perhaps by-products of the system.
"2. 🙄 Capitalism could operate under a dictatorship - it in no way
guarantees democracy.
consumerism are perhaps by-products of the system."
Investment need not be on a high level. Much investment in capitalism is created by the savings of fairly poor people who invest in themselves.
"2. 🙄 Capitalism could operate under a dictatorship - it in no way
guarantees democracy."
It could, but capitalism itself is a purely democratic system. People can buy or produce without interference. Your purchase of a product or service is a vote for that provider, and his prices. Your purchase of a competitors goods is a vote against him.
It is unlikely that such a system would thrive under a dictator, unless that dictator was very restrained.