Quote Originally Posted by moka View Post
It is about capital, not capitalism. Capital is an asset, and capitalism is the process of using it productively.

Central banks are creating capital which is rationalized by saying it will be used for capitalism. But most is being used for speculation and financialization. Capital is about wealth creation, whereas capitalism is using capital to purchase raw materials and plant to make a new product.

Less and less of the economy is about capitalism, and more and more is about speculation and financialization. The free market economy has not created “free markets.” The small business cannot compete and more and more power is concentrated in a few very large businesses.
Central Banks doing large scale QE and interest rate suppression is not a free market economy by any definition I would use, though I agree with your other points.