Karteikarten: Understanding Capitalism, Socialism, and Technofeudalism — 9 Karten

Capitalism — key features?

Market, profit, self-interest drive economy.

Private property - capitalism

Ownership of businesses and property by individuals.

Supply and demand — price change?

High demand + low supply raises price.

Profit motive - capitalism

Driving force to earn money or benefit oneself.

Supply and demand - capitalism

Prices set by market forces of supply and demand.

Collective ownership - socialism

Society or government owns major resources.

Economic equality - socialism

Aim to reduce wealth gap among citizens.

Technofeudalism - key feature

Big tech power and data economy dominance.

Comparison - systems

Capitalism, socialism, technofeudalism differ in ownership and control.