Capitalism has two defining characteristics throughout all its historical transformations: (1) profits are the fuel that drives it and get reinvested as new capital, and (2) markets are created through commodification of land and labor, creating the labor market following enclosures
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Speaker
Yanis VaroufakisEvidence Quote
“capitalism retained two main characteristics first the fuel that drives it is profit...the second characteristic of capitalism is markets [7:17]”
Created: 8/12/2026, 10:33:04 PM
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