What is the definition of Anticapitalism? 🙋 🔍
Anticapitalism is a political and economic ideology that advocates for a society where private property, including corporations and businesses, are minimized or eliminated in favor of social welfare, communal ownership, and collective action. This approach emphasizes the importance of community, solidarity, and collective responsibility over individual exploitation. The term "anticapitalism" was coined by the French economist Alain Badiou to reflect his belief that capitalism is inherently exploitative and oppressive towards workers and society as a whole. He