![](/static/253f0d9b/assets/icons/icon-96x96.png)
![](https://lemmy.world/pictrs/image/cd3bcb14-6e19-4c76-b6d4-2461bd60e545.png)
Capitalism’s defining institutions are
- The employer-employee contract
- Private ownership of the means of production
- Private property in land
The alternative to capitalism I propose, Georgist economic democracy, abolishes 1 and 3. 2 continues formally but there is widespread collective ownership of the means of production. Markets continue to exist to help coordinate production and allocate resources. Many defenders of capitalism incorrectly conflate capitalism with markets @general
What do you mean by work in the statement, “Capitalism can work?”
EDIT: Just to be clear, I am asking what normative criteria you are using to assess the system. There is no non-moral objective notion of a system working without some ethical goal in mind