Obviously Garvey was not talking about Capitalism as it is commonly defined because capitalism involves private individuals/groups/corporations. The good of the people is not determined by the people.
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this is my point idren the manner by which one defines something determines their perception of the issue and how they respond to the issue.
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Baba Marcus is talking about capitalism and its common usage of the term:
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just b/c baba marcus is talking about capitalism in this light does not mean that is the only light by which the term can be viewed.
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"Capitalism generally refers to an economic system in which the means of production are mostly privately[1] owned and operated for profit, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a free market.
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in GENARaL terms is the above mentioned definition inherently wrong?
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It is usually considered to involve the right of individuals and groups of individuals acting as "legal persons" or corporations to trade capital goods, labor, land and money "
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again is there inherently anything wrong with that?
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Garvey may have been refering to a type of state capitalism which is also referred to as a form of socialism.
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it seems he stated clearly what he meant
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Peace