“Capitalism has not been a single coherent economic theory. It is instead a loose collection of doctrines and courses of action.”
— Yuval Noah Harari
Simplified Meaning:
Capitalism isn't just one simple idea about how the economy should work. Instead, it's made up of many different ideas and practices that have been put together over time. Just like how a recipe might have various ingredients and steps, capitalism combines different beliefs and methods. For example, in some countries, capitalism focuses on big businesses making profits, while in others, it might emphasize small businesses and entrepreneurship. Imagine a toolbox with many different tools. Each tool can be used for different jobs, and together, they help you fix or build things. Similarly, the different parts of capitalism work together to shape how people buy, sell, and manage money and resources. Understanding this can help someone see that there isn't just one way to run an economy and that different situations might need different approaches.
