What is the definition of capitalism? Is it compatible with people owning the things they produce?

Sounds like Poly Sci homework. How about you answer the questions and post them here.

Capitalism is an economic system where capital is considered a valid input to the production process, worthy of renumeration. Contrast with some other systems where labor is the only valid input.

Capital is material wealth used productively.

Capitalism empowers ownership of produced good by laborers by funding new ventures where laborers can be more self-directed than if they were forced to labor under the direction of others. Capitalism erodes control from laborers by introducing a non-labor stake in the venture. Both are true.

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An artisan who sells what they produce is free to be a capitalist or not, the two are unrelated.

Such a person cannot exist in a society without private property, as "selling" is not a valid concept in such a society. Artisans in general would still exist, though, and probably more abundantly.

An artisan who has more work orders than she can fill alone can expand without the methods you describe. She can form a partnership with another artisan, and teach or otherwise share her methods of production, tools, and branding. This could be an equal partnership or something more like taking an apprentice.

The distinction between worker coöps and other businesses is important, but it's also important to recognize that coöps are a subset of businesses, not an opposing type of entity. Coöps have just as much ability to behave in a predatory manner towards consumers, and almost as much potential to seek self-perpetuation and growth at the expense of their environment. That they will be less predatory towards laborers is nice, but it's not enough to make them "safe".

Capitalism is a socioeconomic system in which private individuals (capitalists) own the means of production and employ others to work them. The employer exploits the employed through wage labor, a system in which the surplus value of a laborer is taken as profit for the capitalist. Capitalism is often characterized by market relations and generalized commodity production, but there are always exceptions as in any system.

Hot take, but it's mostly a buzzword at this point. It more productive to talk about wealth distribution and the structure of industry directly, and in which ways they can be good or bad.

Capitalism is an economic system wherein production is organised in order to produce a massive commodities, which are sold for a profit, which is then reinvested in the production process with the goal of endless growth of the production.

What is capitalism?

Capitalism is the way we currently organize our society, where a group of people (the ruling class) have ownership over the means of production and, using that, they take the labor value created by the working class. They use their power to control the society, despite democracy, and change its rules to their advantage.

How capitalism strips people of their control over what they produce?

Think about... A factory worker making smartphones. How many they do in a day? How much it does each will cost? How much of it the worker gets? The shareholders that owns the factory will get most of the value as profit, despite the fact that they did not work.

1: No. You made something of value. Capitalists don't create value.

2: Private property is not the same as Ownership of the means of production. Communism don't abolish private property, it abolish ownership of the means of production.

3: You can expand your production by working with other people, as expected. In a communist society you would not be their "boss", and would not get any value from their work for yourself, they will have it.

4: Communism is a way to organize society without exploitation. They may be true for a cooperative, and we need more of that. But the implications of that for the whole society are deeper; democracy may reflect the needs of people better when there are no power disparity between member of the society.

I know I am doing your homework here

The reason I am posting this anyway is that I hope you'll learn something from it. Please read it and try to understand it.

The first thing to say here is that capitalism/communism is not a binary thing at all, even though many people (especially from the US) seem to believe.

Instead, there is a whole spectrum between pure capitalism and pure communism. In fact, there has never been any large-scale real-world implementation of either pure capitalism or pure communism.

But let's start with definitions.

Pure capitalism

In a pure capitalistic system, the state basically doesn't exist. This is often called anarchocapitalism, because for pure capitalism to exist, you also need an absence of government => anarchism.

In such a system there is no regulation, no taxes, none of the basic services are provided by a government. Instead, money is king. In pure capitalism money doesn't equal power, it is the only power. There is only a completely free market as the only mechanism that is supposed to balance anything out.

Pure communism

In a pure communist system, there is no private sector and even no private property. The whole power lies solely with the state, money has no meaning. For the state to be able to really govern everything that a capitalist system does with money, it pretty much needs full control over everything.

Why can pure capitalism not work?

In a pure capitalist system, if you have more money, you have more power, which makes it easier to gain more money, and with more money comes more power and so on. Without any regulation the free market is unstable and tends towards monopolies. Basically, once you gain an advantage over your competitors, you can use your money to suppress or buy out your competitors until there are none left. If anyone tries to enter your market segment, you just buy them out or e.g. buy their suppliers. (Google Standard Oil for a good example.)

So for the free market to work, you need to have regulation.

The other side here is that in a completely free market, employers have ample options to exploit their employees. Until they band together, strike/revolt/start a revolution, and make sure that the free market isn't as free any more, meaning that they get treated fairly and get a bigger share.

Why does pure communism not work?

Well, even the Sowjet Union wasn't a pure communistic system. There is some level of personal property that people need to have as an incentive to work. If it doesn't matter what you do at work and you always get the same reward, no matter whether you even show up for work, then your system will also fall apart.

What exists between capitalism and communism?

There's a massive spectrum in between. There are countries that are quite capitalist, like the US. Here you have a mostly capitalist system, but basic services are still provided by the state.

There is social market economy, like many European countries are using. Here you have state-owned companies in all important sectors, that have to compete with private companies. More than just the basic needs are covered by the state.

And then you have something like the UDSSR, which is mostly communist, but you are still allowed to have some private property.

Back to your questions: Since your answer above likely included the word “capital”, what is capital?

Capital is any kind of property belonging to persons, that can be used to influence the behaviour of others by trading. Money, companies, stocks, real estate, basically anything that can be sold. Depending on the specific system, even humans.

How does capitalism empower people to own what they produce? Or, how does capitalism strip people of their control over what they produce?

The question really misses the point. If you have the capital, it the product will belong to you. If you don't, it won't.

Say you are an individual who sells something you create. Are you a capitalist?

Again, misses the point. If you are a slave who produces something and then has the task to sell it for your master, you definitely aren't a capitalist.

If you are the master, who doesn't produce and doesn't sell, but earn from the work of others, then you are a capitalist.

If you are the above person, can you exist in both capitalist society and one in which private property has been abolished?

False dichotomy. Neither a pure capitalst nor a pure communist society exists.

Say you create and sell some product regularly (as above), but have more orders than you can fulfill alone. Is there any way to expand your operation and meet demand without using capitalist methods (such as hiring wage workers or selling your recipes / process to local franchisees for a cut of their proceeds, etc)?

Again, false dichotomy. Cooperation also exists in a communist-oriented (or even a theoretical pure communist) system.

And actually, even in a capitalist-oriented system you don't have to use any of these methods. You can just cooperate with others on a same level. E.g. I build X to sell. I could ask someone to join and that person could run their own business side-by-side doing the same thing. We wouldn't need to have a business partnership at all. Both independently build and sell. Of course, that would mean that I'd have no control over the other guy and I don't earn money from their work. But there's no law telling me I have to.

Is the distinction between a worker cooperative and a more traditional business important? Why is the distinction important?

Yes, google it yourself.___

Capitalism has 3 main features:
- Private property (even in land)
- Employer-employee relationships
- Markets

Capitalism is misnamed. Early theorists mistakenly identified capital ownership as the root feature that gave the employer the right to the whole product that workers produce. The employment contract gives the employer the right to the whole product of the firm. Coops correct this. Power leads to employers typically being capital owners, which is why the misnomer stuck. @asklemmy

So, first off, let me say that if it'll help us move toward something better than we have now, even if in my head I call it anarcho-communism, I'll happily call it "capitalism."

For reference, there's an author named Charles Eisenstein who in his book "Sacred Economics" advocates for taking steps that he intends to move us (the world, I guess) eventually to a gift-based economy without money or barter. And he calls it capitalism. With a straight face. Now, I don't know if deep down in his heart he believes it actually qualifies as capitalism or if he's calling it capitalism because he feels like his aims are more likely to be well received by pro-capitalists if he calls it "capitalism."

One can IMO go too far with that. Case in point: ecofascism. But I digress.

On to the definition of capitalism. At least in my head, capitalism is characterized by:

• The profit motive. The incentive to amass. (Typically money, but a barter-based system could well be the same in every way that matters.)
• Quid pro quo. The whole system is based on it.
• Private property. A particular set of rules for who has ownership rights over what.
• The institution of employment.

My answer didn't include the word "capital", so I'll skip that second question.

As to your third question, let me take exception with the question itself. I don't believe "control over what you produce" is necesssarily a good thing per se. I believe in having something roughly like ownership rights over what one uses. But if one produce a surplus, I don't believe they should be able to deprive others in need of said surplus.

I think capitalism coerces people into producing surplus for others to sell for a profit that the producer (employee) doesn't get a fair share in if that goes more to the spirit of your question.

Bonus questions:

1. I... don't know or care? "Capitalist" can mean someone who supports the institution of capitalism. Or it can mean something like an owner of a company that employs people. I think plenty of people participate in capitalism (by selling things they make, by accepting an employment position, etc) out of necessity while disapproving of the system as a whole. Hell, I'm one of them. I'm not sure I understand why you ask.
2. If I'm the person who sells things I make? Again, anticapitalists participate in capitalism because capitalism doesn't give them a choice. Does that answer your question?
3. The word "sell" here has some baggage I don't like. I'm not for a system in which anybody "sells" anything. But to answer how one might expand an operation that produces things, worker cooperatives are probably the most obvious answer.
4. Anyway, worker cooperatives are owned and run by the workers. Corporations are owned by shareholders and run by boards of directors. Worker cooperatives don't have incentives and power to fuck their workers over. They do have incentive and power to take care of their workers.

Maybe I should have read the first thread you referenced before answering these. Maybe it would have given more context. But hopefully this response gives you what you were looking for.

Capitalism seems to be a system where people try to obtain ever larger amounts of some store of value, and use that store of value to enable that.

I may have managed to avoid using capital above, but I think capital is a store of value that a person controls via ownership concepts.

I think capitalism inherently enables people to earn what they produce, it seems like it's almost a fundamental of it. The problem is just that people with more capital can coerce and rig the system against people with less capital. Therefore someone who already has capital gets more capital increase from a task than someone with less capital would get for the same task in many situations.

Say you are an individual who sells something you create. Are you a capitalist? Yes If you are the above person, can you exist in both capitalist society and one in which private property has been abolished? Presumably no. If there's no ownership or private property, how do you sell something? Can you sell something you don't own or have permission from the owner to sell? Say you create and sell some product regularly (as above), but have more orders than you can fulfill alone. Is there any way to expand your operation and meet demand without using capitalist methods Probably not if you use a strict definition. The state, or other group could form to do so, but I'd argue it's not you making that decision. Is the distinction between a worker cooperative and a more traditional business important? Define "important". and Important to who?

I'd say it's meaningful because it is like democracy vs authoritarianism, but in terms of the actual real world pressures driving potentially similar behavior, I'm not sure how "important" it is. A worker cooperative might tend to treat employees better, might not choose some ways to compete that a traditional business would, and probably values other things than strictly make the most amount of profit for the investors. But does this rise to importance if the collective has to act in certain ways to remain competitive in the market? I would bet it depends on whether we're talking from the perspective of the employees or customers or society or the market.

1. No

2. No

3. Yes

4. Yes

Capitalism is an economic system founded in private ownership of land, natural resouces, goods, services, etc.

Permanently Deleted

I'll toss my two cents in

What is capitalism?

Capitalism is a form of economy where individuals are allowed to obtain, keep, and distribute capital as they see fit, so long as they have the means to do so.

What is capital

Capital is a combination of property and money. Property being the things you own, with money being a measure of potential property you don't yet own.

How does capitalism empower people to own what they produce?

It's at the core of the concept. Individuals are allowed to obtain, keep, and distribute capital as they see fit. You and you alone own your capital.

I see a lot of comments saying workers are not allowed to own what they produce. That their employer takes it from them. I feel this is flawed and possibly comes from a place of frustration. So let me ask this: What does an employed worker produce?

If that worker is a self employed craftsman making sprockets, the answer's clear. They produce sprockets. They can then go out and sell those sprockets for goods, services, or money as they see fit.

If that worker is employed by a sprocket making company; they still make sprockets, but that's not what they produce. They produce labor. Which they've chosen to sell to the sprocket company for money and/or other benefits. They may not care about sprockets themselves, don't go to sprocket conventions, and certainly don't want to deal with figuring out how to sell all the sprockets they're making. It's a better deal to sell your labor and use the profit you make off your employer to do the things that actually interest you. It's your employer's job to handle everything else.

Note that selling your labor is no different than selling capital. You set the price you're willing to accept, and your employers (who are your consumers) can accept that price or not. That doesn't mean you can set your price at any number and expect it to stick. Just like how the price of sprockets is dependent on consumer need and competitive prices, so is the price of your labor.

Bonus Questions!

Say you are an individual who sells something you create. Are you a capitalist?

If you also exist in a capitalist economy, then yes.

If you are the above person, can you exist in both capitalist society and one in which private property has been abolished?

No. Capitalism cannot exist if you don't have control over your own property.

Say you create and sell some product regularly (as above), but have more orders than you can fulfill alone. Is there any way to expand your operation and meet demand without using capitalist methods (such as hiring wage workers or selling your recipes / process to local franchisees for a cut of their proceeds, etc)?

Yes. Ideally you raise your prices so fewer people buy your product while you still make the same profit as if you were filling those extra orders. Alternatively, you can work to optimize your production methods to create more product in the same amount of time. Be it finding more efficient methods you can practice to make each product, or creating or purchasing equipment which can make each product faster. The balance between price and optimization is up to you.

Is the distinction between a worker cooperative and a more traditional business important? Why is the distinction important?

It's a term to describe a type of business. No different than "corporation" or "partnership" or "nonprofit", among others. The distinction's important in that there's value in being able to describe different types of businesses.