by KaiserJeep » Sun 30 Sep 2018, 07:55:20
Well, where are the rules for "Capitalism" written down, then? You and I seem to have very different definitions. I am at my vacation home, but we have been playing Scrabble for the past nights, using a massive Webster's New 20th Century Dictionary, Unabridged, copyright 1960. It says:
$this->bbcode_second_pass_quote('', '[')b]Capitalism - n. 1. The economic system in which all or most of the means of production and distribution, as land, factories, railroads, etc. are privately owned and operated for profit, originally under fully competitive conditions: it has generally been characterised by a tendancy towards concentration of wealth, and, in it's later phase, by the growth of great corporations, increased governmental control, etc.
2. The principles, methods, interest, power, influence, etc. of capitalists, especially of those with large holdings.
3. The state of being a capitalist.
I think my earlier attempts at defining capitalism jive with that, and reiterate that it doesn't need a label or a name to exist, and is in fact as old as either the Bronze Age (i.e. the Silk Road trade routes and Mediterannean shipping) or the Stone Age (when flints were traded for skins and preserved foods).
You see, I'm pretty sure that those Silk Road caravans and wooden boat shipping magnates created some of the wealthiest individuals that then existed, and that they eventually sat back and enjoyed themselves, after amassing piles of gold coins. They let their camels and wooden sailing ships earn incomes for them, rather than labor themselves. Equally sure, Rome was founded on Capitalism, they popularised the already existing "oldest profession" and sold access to women's bodies for copper, tin, silver, and gold coins.
Ah, the benefits of civilization.