By popular demand IRL, this thread is for arguments about capitalism. It can mean many things to many people, so to provide a starting point, here is my definition:
capitalism – a socio-economic system based on private property rights, with economic outcomes arising from the aggregated decisions of individuals and firms competing for value in a market.
The components ‘property rights’, ‘decisions’, ‘firms’, ‘competing’ and ‘market’ can have a multitude of qualifiers attached to them, which add to or modify this definition, but I believe the above is what underlies the various kinds of capitalism. Feel free to agree or disagree in comments, and we’ll see where the discussion takes us. It would be nice if people read an earlier post on economic debates, but it’s not essential.