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The default is pillage and plunder, not capitalism. Capitalism is what arises when you have a government that prevents people from pillaging and plundering, but

The default is pillage and plunder, not capitalism. Capitalism is what arises when you have a government that prevents people from pillaging and plundering, but does little else. The question of who is an economic agent is exogenous to capitalism. What changed to make people say "Hey, we're failing to treat slaves as economic agents"? In the US, a bunch of religious crazies decided to force their biblical interpretations on everyone else. For a while they used politics and small scale warfare (e.g. running around ad night and chopping people's heads off) to push their morals on everyone else, on slavery and other issues like drinking and polygamy. Eventually the limited wars erupted into a total war for dominance, which they won. I'm less familiar with European history so I won't speak about that.

twic 10y ago
What happened in Europe was that Britain had the industrial revolution, then twigged that they could make even more money if their competitors couldn't use slaves to compete with the machines, so banned slavery, and then enforced that ban on other nations using their navy, which was stronger than most other country's navies because Britain is so rubbish people who live there would rather die of scurvy than live there.
- fuzzfactor 10y ago
  The ships play such an important part. In the way capitalism arose from pillage & plunder. Even way before the Industrial Revolution. The navies protected the (taxable) commerce from further pillage & plunder. But the only ones that could afford to build any ships at all were usually the monarchs whom had already largely pillaged and plundered the wealth of their subjects. Capitalism at this complete a level of wealth concentration reveals its eventual destructive effect on free enterprise. Due to the extreme wealth inequality ships could justify cargoes of volunteers who would virtually pay to live as somewhat of a slave somewhere else. Eventually it was only a matter of greed whether a particular voyage would contribute to a more advantageous outcome when choosing either physical or financial bondage for their cargoes of slaves. When the viewpoint of the capital owners is so far removed from that of the lowest-level subjects, the difficulty for them to respect the (finer?) differences between physical vs. financial bondage of their servants in the 18th & 19th centuries evolves into the blurring of the distinction between financial bondage vs. financial empowerment of their employees in the 20th & 21st centuries. Simply depending on where the powerful draw the line when greed is involved. When the money must make money even under adverse conditions, the result of unbridled capitalism tends toward slavery of some form or another. Depending on your point of view, I guess.

twic 10y ago

What happened in Europe was that Britain had the industrial revolution, then twigged that they could make even more money if their competitors couldn't use slaves to compete with the machines, so banned slavery, and then enforced that ban on other nations using their navy, which was stronger than most other country's navies because Britain is so rubbish people who live there would rather die of scurvy than live there.

fuzzfactor 10y ago
The ships play such an important part. In the way capitalism arose from pillage & plunder. Even way before the Industrial Revolution. The navies protected the (taxable) commerce from further pillage & plunder. But the only ones that could afford to build any ships at all were usually the monarchs whom had already largely pillaged and plundered the wealth of their subjects. Capitalism at this complete a level of wealth concentration reveals its eventual destructive effect on free enterprise. Due to the extreme wealth inequality ships could justify cargoes of volunteers who would virtually pay to live as somewhat of a slave somewhere else. Eventually it was only a matter of greed whether a particular voyage would contribute to a more advantageous outcome when choosing either physical or financial bondage for their cargoes of slaves. When the viewpoint of the capital owners is so far removed from that of the lowest-level subjects, the difficulty for them to respect the (finer?) differences between physical vs. financial bondage of their servants in the 18th & 19th centuries evolves into the blurring of the distinction between financial bondage vs. financial empowerment of their employees in the 20th & 21st centuries. Simply depending on where the powerful draw the line when greed is involved. When the money must make money even under adverse conditions, the result of unbridled capitalism tends toward slavery of some form or another. Depending on your point of view, I guess.