Poll: Capitalism dying?

[Filuwaúrdjan]

I note that 'WorkingClassBro' is repeating one of Marx's more hilariously wrong predictions.

Capitalism is more a slur than a well-defined economic term

It's useful as an economic-term-in-historical-perspective because it isn't as though there's another word lying around to be used, and as new jargon is invariably terrible.

[Filuwaúrdjan]

I like market economy, that's a term which I understand the definition of.

Isn't that as vague as capitalism? I mean, markets (in all senses of the word) were essential to the operation of the economy in the 12th century, say.