{"id":89,"date":"2013-12-29T23:21:04","date_gmt":"2013-12-30T04:21:04","guid":{"rendered":"http:\/\/evanhempel.com\/blog\/?p=89"},"modified":"2013-12-29T23:32:16","modified_gmt":"2013-12-30T04:32:16","slug":"capitalism","status":"publish","type":"post","link":"http:\/\/evanhempel.com\/blog\/2013-12-29\/capitalism\/","title":{"rendered":"Capitalism"},"content":{"rendered":"<p>An economic system where the <a title=\"Capital\" href=\"http:\/\/evanhempel.com\/blog\/tag\/def:capital\/\">means of production<\/a> are privately owned.<\/p>\n<p>In pure capitalism all means of production are privately owned.\u00a0 Under socialism no means of production is privately owned.\u00a0 In a mixed economy there is a mixture between the two.\u00a0 When we use a phrase like &#8220;under capitalism&#8221; or &#8220;in a capitalist economy&#8221; we are referring to pure capitalism.\u00a0 If we want to refer to a mixed economy it is important to specifically point that out and to detail in what manner it is mixed.<\/p>\n<p>If you believe people should be able to own tools and use them to make new things, then you are in favor of (some degree of) capitalism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An economic system where the means of production are privately owned. In pure capitalism all means of production are privately owned.\u00a0 Under socialism no means of production is privately owned.\u00a0 In a mixed economy there is a mixture between the two.\u00a0 When we use a phrase like &#8220;under capitalism&#8221; or &#8220;in a capitalist economy&#8221; we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[10],"class_list":["post-89","post","type-post","status-publish","format-standard","hentry","category-definitions","tag-defcapitalism"],"_links":{"self":[{"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/posts\/89","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":4,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":95,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions\/95"}],"wp:attachment":[{"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/media?parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/categories?post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/evanhempel.com\/blog\/wp-json\/wp\/v2\/tags?post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}