Is capitalism based on the exploitation of others?

True free-market capitalism, by definition, can not succeed through the exploitation of others, because two trading partners will only exchange goods if they make each other better off. read more

True free-market capitalism, by definition, can not succeed through the exploitation of others, because two trading partners will only exchange goods if they make each other better off. This is a fundamental truth that is so often lost in today's political-economic debate. read more

So if you have unregulated capitalism it can definitely lead to exploitation of the workers. In an unregulated capitalist environment, survival of the fittest is based on how well you can outcompete other enterprises even if that means employing people at the bare minimum wages to keep the system running. read more

“Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. read more