by bart » Thu 30 Jun 2005, 15:29:37
$this->bbcode_second_pass_quote('', 'C')apitalism was doing just fine 1500 - 1750 without fossil fuel use.
It's true there is no exact boundary between feudalism and capitalism, but most people would put the birth of capitalism somewhere in the 1700s in England.
Adam Smith only wrote his description of the emerging phenomenon of capitalism, "The Wealth of Nations" in 1776. Previously, there were markets and traders, but most land was held by an aristocracy and most goods were created by individual craftsmen. Most production was for home or local use.
With capitalism, goods were increasingly produced for the market. Manufacturing is carried on in centralized factories, owned and managed by a new class (the capitalists -- people with "capital"). The labor force became increasingly unskilled (machine operators rather than craftsmen).
During this time came the American Revolution, the French Revolution, and similar middle-class revolutions in many countries. Gradually, the vote was given to all adult males and we saw the emergence of modern-day democracy.
Kurt Cobb's point is that capitalism, industrialism and the birth of democracy all developed at about the same time as fossil fuels began to be used. His is an appropriate question - what will happen as fossil fuels become tight?
A couple of hyptheses:
1 The history of the past 50 years, a time of cheap energy, may be irrelevant in understanding the future. Perhaps the best thing to do is read history, to understand life in low-energy societies.
2. We may be in for a time of turbulence. Changes in the way goods are produced (for example, going from feudalism to capitalism) bring with them changes in poltical structure. Revolutions, civil wars and (hopefully) peaceful political changes are on the agenda.
3. With energy becoming scarcer, the scale of conflict may perhaps be less. Coal and oil made possible the mass mobilizations of World Wars 1 and 2. Hopefully, with less energy at our disposal, it will be too expensive to mount invasions and protracted wars.
4. Maybe, just maybe, we have learned enough in the last 200 years so that we can make the transition peacefully to societies that are democratic and just.