Comment Re:islam (Score 1) 1350
Although none of those definitions explicitely implies a fiat currency would be necessary, I wonder how one would pracically conceive "corporately owned" means of production or "accumulation and reinvestment of profits gained in a free market" with no fiat currency...
One can conceive a market economy with no fiat currency, based on barter. Capitalism implies another scale, and a fiat currency allows for such a bigger scale to be achieved.
I stand by my point.