Capitalism As Socialism

Published: Feb. 16, 2021, 7:57 p.m.

This is not a misprint nor a contradiction. Capitalism is an institution normally considered on the right but in fact it cannot exist without the intervention of the state. Any organization, institution or ideology that produces social costs is of necessity a left-leaning operation and deserves to be pigeon-holed on the left. Any movement to produce a more conservative nation must think twice about trying to build on the foundation of capitalism. The elimination of socialism requires the elimination of capitalism and only a business model based on a free market that works without the existence of the state can do this. The alternative economic model is discussed as an Exchange. Based on the Labor Theory of Value and producing a true free market, Exchanges eliminate all social costs or what is called freeloading or what economists refer to as externalized costs.