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It's hard to imagine a modern concept like "unemployment" without Capitalism, which brought with it boom/bust cycles: https://en.wikipedia.org/wiki/List_of_econ
by reptation 10y ago
It's hard to imagine a modern concept like "unemployment" without Capitalism, which brought with it boom/bust cycles: https://en.wikipedia.org/wiki/List_of_economic_crises https://en.wikipedia.org/wiki/List_of_economic_crises
There's very little on that list before the Industrial Revolution
- Jtsummers 10y agoThe historical terms for "unemployment" would have been beggars and paupers. They certainly existed prior to the term and economic philosophy of Capitalism (big-C) being defined.
- chrisco255 10y agoBefore capitalism, everyone was gainfully employed in just struggling to survive. #FarmLife