Private wealth is just an implementation detail of capitalism. An economic system’s purpose is to determine where the wealth goes, since the whole point of an economy is to share resources (e.g. so people don’t have to grow their own food)
> Capitalism is to opposite of a society consciously allocating anything for a specific purpose, it leaves it up to every individual.
Yeah, capitalism doesn’t use central planning. It’s a decentralized system in its purest form (real world requires regulators though), however it still is a system designed to answer the question: “who gets what?”
I'd say the purpose of capitalism is not to decide "who gets what", but rather to lay the foundation that the society/country as a whole get as much as possible.
Sorry, but I don’t see what you’re trying to say here. Tonally, you seem to be trying to contradict my argument, yet aren’t actually contradicting anything.
> I'd say the purpose of capitalism is not to decide "who gets what", but rather to lay the foundation that the society/country as a whole get as much as possible.
The question “who gets what?” can be rephrased as “how do we give everyone as much as possible?”. Capitalism offers one potential answer.
So yeah you’re not actually saying anything different from what I am. Are you even reading and/or understanding my comments?
I know that the word “capitalism” tends to invoke knee-jerk/emptional reactions because of the politics behind it, so maybe that’s what’s going on here? Fwiw, I’m not saying that capitalism is good nor bad, I’m just defining it for the sake of my somewhat facetious hoverboard comment further up.
"Who gets what" to me sounds like a zero-sum situation: we have one pie, and capitalism will decide how big a piece every member of the group gets.
"Everybody as much as possible" is a different situation where you're trying to get as many pies for the group as possible.
In the first situation the wealth of the rich people comes at the cost of the poor people, in the second situation both groups can gain, although some more than others.
> Capitalism is to opposite of a society consciously allocating anything for a specific purpose, it leaves it up to every individual.
Yeah, capitalism doesn’t use central planning. It’s a decentralized system in its purest form (real world requires regulators though), however it still is a system designed to answer the question: “who gets what?”