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Capitalism is only 400 years old (lemmygrad.ml)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 11 months ago (3 children)

What was the common system before that? Feudalism?

[–] [email protected] 11 points 11 months ago

Mainly mercantilism which just means that everyone wants to only export and importing stuff is literally the worst thing in the world. Mercantilism also had a lot more state restrictions on it compared to capitalism.

Feudalism mainly died out in the 1400's when more of the power was centralised to the king instead of their vassals.

[–] [email protected] 5 points 11 months ago

Feudalism, Anarchism, primitive forms of communes, etc. The world was a mixed place.

Capitalisms only became successful thanks to the ability to easily connect places. And even then it wasn't as globally dominating as it was today before we had a revolution in transport methods.