Welcome to Pick Me Up, I'm'm scared the podcast i'm your host madeline and i'm your co-host kenna okay kenna today i wanted to ask you

what is capitalism? Oh my.

Oh my.

Well, I'm sure there's some like economist person out there who's like, well, let me tell you,

capitalism according to the Oxford Dictionary.

But to me, I think most people would say it was something really simplistic, like we exchange money for goods and services, and that is how the economy runs. But I feel like it's so much more

than that. So, okay, what makes capitalism unique is that it's an economic and political

system in which a country's trade and

industry are controlled by private owners for profit. Okay, that is a way better answer. It makes

sense when you think about it, right? So capitalism just means that you exist in a system where an

individual person or a private corporation can own a business, can own

rental property, things like that, which makes sense. We exist in that now. We see that all the

time. And this is actually what gives us the term private property. So, you know, you've probably

heard the phrase that like private property is the root of all evil yes yes right and I think

a lot of people hear that and they think it means like your personal possessions like their things

you know yes yeah um but it actually doesn't or it's not supposed to anyway actually I saw online

someone said that there was this like huge campaign like propaganda wise to make americans think that the

term private property and communist literature like referred to like their objects in their home like

their house and their car so that people would hate communism please don't take my favorite mug yeah

nobody i need it for my coffee in the morning. Nobody actually, your favorite mug is not technically private property.

So that would actually be something more like a personal possession.

And in reality, that stuff is usually called personal property or personal possession,

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