The problem is that the word Capitalism has been tarred by association with cronyist economies.
Americans think “free enterprise”, a lot of other countries think “wealthy oligarchy that uses its influence to exploit others”.
IMO this is what causes a lot of the animosity and confusion surrounding such statements.
Well stated distinction which I’ll be sure to make when speaking with those less keen on Capitalism..
“The problem is that the word Capitalism has been tarred by association with cronyist economies.
Americans think “free enterprise”, a lot of other countries think “wealthy oligarchy that uses its influence to exploit others”.
IMO this is what causes a lot of the animosity and confusion surrounding such statements.”