I frequently identify myself as being anti-capitalist, but what does this mean? Clearly, “anti-capitalism” means “against capitalism”, but what is capitalism? I have devised the following definition:
Capitalism is an economic system in which there is a capital-holding class, the capitalists, who are separate from the working class. The workers must labor for the capitalists to survive.
Under this definition, not only is capitalism different from the free market, it is diametrically opposed to it. The free market is the exchange of goods and services without coercion. Capitalism is impossible to maintain through the free market, and exists purely through grace of the state. Without subsidies, corporate personhood, limited liability, intellectual property, borders, taxes, the land monopoly, or the currency monopoly, there cannot be capitalism. Instead, there is the free market.