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by epistasis
2107 days ago
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One problem with the term "capitalism" is that it means such different things to different people. For example, feudalism is not generally considered capitalism by those that are anti-capitalist, but feudalism was still private ownership of the means of production. Or, in the Democratic primaries, Bernie Sanders railed against capitalism, whereas Elizabeth Warren embraces the term, and they both had very similar policies. They were talking in different ways to appeal to different crowds that have different definitions of capitalism. And it creates tribal responses for some supporters. |
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Indeed, uner feudalism, the means of production were not commodified, and de facto the lord did not have the right of ownership to the land, because he was only allowed to use it in one very specific way. Therefore, lacking the right of exclusive control, feudal property does not fulfill the definiton of private property.
This is why feudalism is universally understood not to a form of capitalism.