Markets make absolutly no sense without privat property and commodity production. Market economies are capitalist economies it's literally the same thing.
Markets make only sense if money exists and then obviously the goal of every rational individuum is to maximise profits, increase surplus value production, crush the competition and so on...., because that gives you the most money and money gives you all the things including human labour you can use to make more surplus value (thats capitalism).
A socialist economy is an economy were production isn't mediated by markets but already part of a societal plan of prodution and consumption.
I typed out a longer reply, but my point was that markets have existed much longer than capitalism and does not necessarily equate to a market economy.
I used an example of people advising planners whether they wanted saris or tshirts with votes on their personal preferences (up to an predetermined limit based on the appropriate resource use) and said that this was essentially a market in a broad sense.
I would appreciate any insight you have on what better phrasing would be.
Markets make absolutly no sense without privat property and commodity production. Market economies are capitalist economies it's literally the same thing. Markets make only sense if money exists and then obviously the goal of every rational individuum is to maximise profits, increase surplus value production, crush the competition and so on...., because that gives you the most money and money gives you all the things including human labour you can use to make more surplus value (thats capitalism). A socialist economy is an economy were production isn't mediated by markets but already part of a societal plan of prodution and consumption.
I typed out a longer reply, but my point was that markets have existed much longer than capitalism and does not necessarily equate to a market economy.
I used an example of people advising planners whether they wanted saris or tshirts with votes on their personal preferences (up to an predetermined limit based on the appropriate resource use) and said that this was essentially a market in a broad sense.
I would appreciate any insight you have on what better phrasing would be.