Responding to someone who thinks you need the state for Capitalism

Figured I might as well add this, from the greatest hits thread:

What exactly is capitalism? (thread: Online debate with schoolmate in Govt. class)

Here’s one which addresses the common misconception that capitalism is a political ideology, or some written-down, defined system of economic governance, similar to Marxism, or Maoism, or any other sort of -ism. This mistake is probably due almost entirely to the word containing that suffix. But this post offers a small bit of explanation and video to set it straight.

Thoughts on Capitalism

Further discussion of capitalism, and an illustration of what happens when you don’t think things all the way through.