Rigby5
Diamond Member
Capitalism exists every time someone does something to make money.
No, if a bunch of farmers get together and build a jointly owned grain elevator, then they can make more money storing the grain until a train can come take it all, but that is socialism, not capitalism.
Actually capitalism is only when you profit only from the fact you have essential capital others need and you can demand high profits just for loaning out.
Banks are the essential ingredient for capitalism.
If 2 parties exchange goods, labor, or money, that is just a transaction and not capitalism.