Capitalism is not really a political system, it’s an economic model embraced by basically all political systems except communism.
Almost every country on earth is capitalist in some way to some degree, even most communist systems. https://en.wikipedia.org/wiki/Capitalism
characterized by private property … wage labor,
All countries have private property and wage labor to some degree.
private ownership of the means of production
This characteristic has only been seriously challenged in communist systems, and while communist systems that do that have failed often, Capitalism remains by far the most successful economic model.
This may change at some point in the future, when work is no longer necessary.
But regulating capitalism according to political desires is the way to go (free market regulation). Currently abandoning capitalism is nothing but a pipedream.
Capitalism is not really a political system, it’s an economic model embraced by basically all political systems except communism.
Almost every country on earth is capitalist in some way to some degree, even most communist systems.
https://en.wikipedia.org/wiki/Capitalism
All countries have private property and wage labor to some degree.
This characteristic has only been seriously challenged in communist systems, and while communist systems that do that have failed often, Capitalism remains by far the most successful economic model.
This may change at some point in the future, when work is no longer necessary.
But regulating capitalism according to political desires is the way to go (free market regulation). Currently abandoning capitalism is nothing but a pipedream.