In all fairness, development would also be proportionate to the accumulation and reinvestment of profits gained in a free market in a socialist system. The accumulation and reinvestment of profits is irrelevant in a purely communist system because such a system would not have capital to exchange.
Terms like “freedom” or “free market” are typically used in definitions of capitalism in an attempt to persuade students that a capitalist system is preferred over a socialist or communist system. In truth, capitalist systems consolidate control under the power of an elite few. Socialism advocates democratic control at all levels of decision-making to those who are directly impacted by the decision being made.
Capitalism is paradoxical*
Free wage labor offers lost freedom to workers
Capitalism improves consumer standards; but deprives producers
Capitalism causes Jobs to be deskilled
Capitalism transfers independence and decision-making to employer
Capitalism permanently displaces older workers with technology and new workers
Capitalism has harmful environmental effects
Capitalism has harmful physiological effects on the population
Large-scale firms raise productivity but create dangerous concentrations of:
*Partial Source Citation: "Capitalism" Dictionary of American History. Stanley I. Kutler, ed. 3rd ed.
10 vols. New York: Charles Scribner's Sons, 2003.