> That is capitalism though and has the same problems as capitalism.
No, capitalism is not “when there is a labor market”.
Capitalism is a system of property rights, of which an essential one is proprietary control of the means of production. Having a labor market is a feature of many economic systems, not just capitalism.
Insofar as some of the problems of capitalist systems are endemic to markets and not specifically tied to proprietary control of the means of production, any system with markets may share that subset of the problems of capitalism, sure.
No, capitalism is not “when there is a labor market”.
Capitalism is a system of property rights, of which an essential one is proprietary control of the means of production. Having a labor market is a feature of many economic systems, not just capitalism.
Insofar as some of the problems of capitalist systems are endemic to markets and not specifically tied to proprietary control of the means of production, any system with markets may share that subset of the problems of capitalism, sure.