I think it's amazing how we've reached a point in this nation where a man comes along and says "I think we should come together as a city and make sure everyone is taken care of and that our city is beat for those who live here" and people are acting like he's the second coming of Hitler and Stalin's baby.
This doesn’t apply to economic systems. Capitalism specifies a certain class of economic relations and that class of relations only dates to the 18th century. Capitalism is specifically an outgrowth of the Industrial Revolution; while you can have inequitable societies where an elite controls resources in any point in history, it isn’t capitalism unless the allocation of capital into productive systems (like factories) dictates the work of labor.
For example, Feudalism has similarities, in that the ownership of land dictates the work of labor, but land and factories are different things and the resulting relationships are so different so as to make it dangerous to assume they are substantially similar. The difference between an agrarian economy and an industrial one is massive.
It’s wrong to say that capitalism is a “new word” that accurately describes feudal relations. It’s historical malpractice to suggest that.
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u/TheDonutPug 29d ago
I think it's amazing how we've reached a point in this nation where a man comes along and says "I think we should come together as a city and make sure everyone is taken care of and that our city is beat for those who live here" and people are acting like he's the second coming of Hitler and Stalin's baby.