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this post was submitted on 16 Oct 2023
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That is called “commerce”, which is totally different from “capitalism”.
"Commerce" is only possible if both parties are willing to respect each other's natural right to have private property and each other's right to express consent (voluntary exchange). By trading these goods, there is a mutual benefit (social cooperation) that emerges from wanting to satisfy their own self interest.
I think this is pretty capitalist for my taste. (And please, it's not the same as corporatocracy).
Commerce as you described it just sounds like ideal capitalism.
By "ideal capitalism" I think you meant praxeology (Mises's Human Action) and Austrian Economics.
People are not perfect, and if they make mistakes, they should be the ones responsable for their own actions. This does not happen by the existence of FIAT money, subsidies, taxation, positive rights and every regulation the Monopoly of Violence does in our private lifes and commerce.