ofek chibber is professor yorklogy at new university. activeson with a very fan base, and the editor of journal of, his latest and is post colonial theory capital.f bhaskar sunkara is the founder jacobin. publisher of [applause] we're going to begin by trying to define our terms. the first question, which is going to start with reason, what capitalism? >> thank you very much michelle. jacobin jayb debate.nizing this let's get it out the way. capitalism is a system that doesn't have any answers. it does not seek to impose answers to the question which should we produce, how should we produce it, who gets the stuff we produce. that kind of sounds like garbage. i will try to get little more nitty-gritty also in my answer. what that means in practice is that property is largely privately owned. means that profit provides incentive for production, it will.employment is at the government role in the economy should be limited and forces of supply and demand in a free market are the most efficient means of providing the the general well being of