3 ms·
"Capitalism" doesn't just mean "any system where trade for profit happens". It encompasses much more and implies the use of (and therefore invention and state s
by ashark 10y ago
"Capitalism" doesn't just mean "any system where trade for profit happens". It encompasses much more and implies the use of (and therefore invention and state sanction of) organizations like joint-stock companies and a much larger and more flexible credit system than what came before.
Wikipedia is helpful here:
https://en.wikipedia.org/wiki/History_of_capitalism https://en.wikipedia.org/wiki/History_of_capitalism