Capitalism in example sentence

Here an irony intrudes: under socialism private markets were crushed by the state; under capitalism, markets function well only when the state provides a nourishing legal/institutional environment.

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So, what is capitalism?

Capitalism, fundamentally, is a series of marketplaces.

However, capitalism of course, as we know, is this either celebrated term or condemned term.

And I'm here to argue that this is because capitalism, in the modern iteration, is largely misunderstood.

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