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by e12e
4503 days ago
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> "Capitalism" is not a system. Capitalism is life itself. Of course it is a system. Just as feudalism is a system. It's a way in which to organize distribution of abstracted wealth. You might claim that it's a consequence of industrialization (and still be wrong, but at least make sense). Would you characterize the organization of the native North Americans as a capitalist society, before the arrival of Europeans? |
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Feudalism is a system, but it was built into capitalism. Feudal lords had land as their property, they made voluntary contracts of their vassals: I'll protect you and give you some land, you'll give some of your production to me. There was also trade, merchants et cetera.
This applies to everything. The Native North Americans had private property and various kinds of contracts -- which probably involved some communal property and other stuff.
When there's some entity exercising coercion (non-voluntary contracts), that entity is the State and there is socialism.