alexandra
So we obviously have to define 'capitalism' if we are going to discuss it (or its origins). When I speak of capitalism, I mean the economic and social system that superceded feudalism - after the French Revolution (when the previous ruling class: the monarchy and landowning class, was overthrown by the newly rising ruling class of capitalists) and during the early stages of the Industrial Revolution, during the Enlightenment. To me, capitalism involved the formation of the two major economic classes of capitalists (who owned capital) and working class (who owned nothing but their labour power), and did not exist when there was no money (capital) - so barter exchange of goods is not, but my understanding/definition, a feature of capitalism.vanesch said:Under capitalism, you can understand two things: one is an ideology, and that didn't exist of course until it was explicitly written down. It is the belief that when you let the market do everything, everything will be for the best. But it can also be a practice: You LET the market do everything (simply because you do not do anything else!). Now you may not have the *belief* that this will do things for the best, but nevertheless it is capitalism, no ?
There's not much of a system to capitalism for it to be a practice: all you need is the idea of ownership and exchange. You do not even need money to exist ! Capitalism is the next thing you have when nothing is instored, after the law of the jungle (where ownership is NOT recognized). Hunters-gatherers in a clan even "did capitalism" (as long as they didn't get out their clubs to take the stuff of the neighbour).
So when someone writes that capitalism is the greatest institution man ever invented... that's like saying that walking is the greatest invention of locomotion man ever did![]()
And no way is capitalism the greatest system of social organisation ever invented - at this point in time, it may turn out to be the absolutely most destructive. This depends on what people decide to do about regaining control of their lives - if capitalism is allowed to work itself out to its logical conclusion, the environment will be destroyed and... well, no sense in an 'and', is there?
