What Is Noam Chomsky’s Definition Of Capitalism?


The most interesting part of this question is its mere existence. That a religion of economics upon which so many people hitch their wagon, still struggles to come up with uniform and generally understood definitions of its pivotal suppositions. Exactly the reason why economics must be reinvented to become a viable operating-system for mankind.

Capitalism is nothing more than the exchange of money for products or services rendered. And thus is omnipresent in all classifications of societies imaginable.

I yield to Noam for his best rendition of his thoughts on the subject.


Online discussions are so old-school and ineffective. Schedule a one-on-one online conference with Georges instead.

Georges van Hoegaerden
Georges van Hoegaerdenhttps://www.method41.com/georges
Georges is the Founder and Managing Director of method41. From analyzing the workings of policy, capital, and innovation, Georges noticed how these siloed constructs are woefully incompatible with the principles nature deploys to produce regenerative performance. With humanity stuck in a fabric of its own making, Georges set out to reinvent the operating-systems of humanity to fix the theory that determines what humanity can discover, aiming to fundamentally improve human adaptability to nature's entropy.
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