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Capitalism is merely a system which allows supply and demand to be determined primarily by the free market and economic forces, subject to state intervention through taxes, regulations and social welfare systems
Aka a 'mixed economy'?
Though in most economies growth is a crucial element.
Growth relies on selling more stuff, creating demand through marketing, using up scarce resources.
In contrast to a sustainable economic model which recycles and reuses old stuff, utilises free stuff like sunlight and wind for energy.
Though I suppose investing in renewables is a capitalist endeavour where companies that provide the tech to harness the wind/sun can sell energy produced from these free resources to people.
Sorry late night rambles 🍺
skydancer
Consumerism, yes, capitalism, no.
The fundamental concept behind capitalist economic models is to maximise value. Value is measured in financial terms, but what constitutes value depends on the viewpoints of the members of the state in question. Capitalism is merely a system which allows supply and demand to be determined primarily by the free market and economic forces, subject to state intervention through taxes, regulations and social welfare systems, rather than a centralised command and control economy, where supply is determined politically and demand is told to go fuck itself.