this post was submitted on 21 Jul 2023
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Capitalism is the way we currently organize our society, where a group of people (the ruling class) have ownership over the means of production and, using that, they take the labor value created by the working class. They use their power to control the society, despite democracy, and change its rules to their advantage.
Think about... A factory worker making smartphones. How many they do in a day? How much it does each will cost? How much of it the worker gets? The shareholders that owns the factory will get most of the value as profit, despite the fact that they did not work.
1: No. You made something of value. Capitalists don't create value.
2: Private property is not the same as Ownership of the means of production. Communism don't abolish private property, it abolish ownership of the means of production.
3: You can expand your production by working with other people, as expected. In a communist society you would not be their "boss", and would not get any value from their work for yourself, they will have it.
4: Communism is a way to organize society without exploitation. They may be true for a cooperative, and we need more of that. But the implications of that for the whole society are deeper; democracy may reflect the needs of people better when there are no power disparity between member of the society.
To be fair, the question was "What is Capitalism" you're mostly answering the question "What is Communism".
Just on the bonus questions. Lol.