this post was submitted on 18 Jul 2024
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Capitalism is a system of economics. It can exist with or without a government also existing.
Capitalism cannot exist without a government of some sort, as Private Property Rights are only legitimized by the threat of violence.
If there was no government, and the capitalist organization hosted their means of violence internally or by hiring thugs like the Pinkertons, would it stop being capitalism?
Then that entity, be it Pinkerton or gang or army, would be government. Sure, it could also devolve below capitalism, but capitalism need government structure of some sorts, it cannot exist without it.