Capitalism is a mode of production where the means of production (ie. capital) are owned by individuals who then use that ownership to exploit workers for their surplus labor value to turn it into profit.
Contrary to popular belief, “true capitalism” does not require free markets.
And what you call a society where the people “exploiting workers for their surplus value” don’t own the capital, but just know the person that command the police?
Or are you under the impression that rich executives or investment funds own capital?
How is that capitalism when “who you know” is the one most important factor deciding what you can do?
Those AI companies don’t have and never earned the money they are investing. The people lending them the money also don’t have and never earned it.
Capitalism is a mode of production where the means of production (ie. capital) are owned by individuals who then use that ownership to exploit workers for their surplus labor value to turn it into profit.
Contrary to popular belief, “true capitalism” does not require free markets.
And what you call a society where the people “exploiting workers for their surplus value” don’t own the capital, but just know the person that command the police?
Or are you under the impression that rich executives or investment funds own capital?
Exactly. Capitalism, as the other commenter said. There is a reason it is called “capitalism”, as in capital, and not “rightfully earned profit”.