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You are correct that your feudal system is not a capitalist one, as the blacksmith does not own (he is not able to sell) his means of production. The most unde

by 113 8y ago

You are correct that your feudal system is not a capitalist one, as the blacksmith does not own (he is not able to sell) his means of production. The most underlying and critical point of capitalism is an individual's right of access to the market All this class distinction stuff are part of Marx's inane ramblings This is not the case. The Wikipedia definition for capitalism is well cited. Then knock out the front wall of your home, put up a sign, and boom - you're now part of this magical "class" of business owners. Yes, there is absolutely the ability to move between classes. The use of classes in the context of this definition of capitalism is to give a broad overview of how a capitalist society is structured. In your example, owning the house and stock they sell would be considered "capital". If they were to employ an assistant, to tidy up or help sell stock (which the assistant doesn't own) then the assistant would not own their means of production. Making the assistant a "worker". Some people even just set up tables outside their house and sell whatever they happen to like making or growing. And this isn't some vague ideal. In many nations throughout the world today this is still very much the reality, and it's awesome. But it's not capitalism. Hence the definition I provided. Returning to this bit: All this class distinction stuff are part of Marx's inane ramblings. I think shows your true colours. Economists might respectfully disagree with Marx or his ideas, but to call them inane is just ignorance.

TangoTrotFox 8y ago
The blacksmith would indeed own his 'means of production'. The one and only reason he would have difficulty selling it is because of rules and regulations. This was rather the whole point of the example. As rules and regulations make it more and more difficult to access the market as a seller you move further and further away from what capitalism is. As for Marx, something doe eyed students of today often forget is that academia can and does often go extremely far astray, particularly on social issues where a dangerous hive mind frequently emerges. For instance in the early 20th century we in the US, and the academic establishment in particular, were the biggest drivers behind eugenics. We were literally the inspiration for Hitler who saw his own work as building off our 'progress.' His work ultimately being the one and only reason that eugenics in the US was scaled back and gradually became taboo. The rise of Marxist ideology corresponded with an extremely sharp increase in the number of individuals pursuing the social sciences and liberal arts at the postgraduate level. Unfortunately these studies, in this quantity, do not really correspond to being able to contribute to society in any meaningful way. That's not to say the arts and humanities inherently do not contribute as they most certainly do. But society cannot support a billion philosophers anymore than it can support a billion neurosurgeons or plumbers. Thus enter Marxism which is little more than a fancification of striving to live as Marx did: drink and drug yourself to stupidity while writing whatever you want. Time to put food on the table? Just mooch off Engels and your brother-in-law.

by 113 8y ago

TangoTrotFox 8y ago

The blacksmith would indeed own his 'means of production'. The one and only reason he would have difficulty selling it is because of rules and regulations. This was rather the whole point of the example. As rules and regulations make it more and more difficult to access the market as a seller you move further and further away from what capitalism is. As for Marx, something doe eyed students of today often forget is that academia can and does often go extremely far astray, particularly on social issues where a dangerous hive mind frequently emerges. For instance in the early 20th century we in the US, and the academic establishment in particular, were the biggest drivers behind eugenics. We were literally the inspiration for Hitler who saw his own work as building off our 'progress.' His work ultimately being the one and only reason that eugenics in the US was scaled back and gradually became taboo. The rise of Marxist ideology corresponded with an extremely sharp increase in the number of individuals pursuing the social sciences and liberal arts at the postgraduate level. Unfortunately these studies, in this quantity, do not really correspond to being able to contribute to society in any meaningful way. That's not to say the arts and humanities inherently do not contribute as they most certainly do. But society cannot support a billion philosophers anymore than it can support a billion neurosurgeons or plumbers. Thus enter Marxism which is little more than a fancification of striving to live as Marx did: drink and drug yourself to stupidity while writing whatever you want. Time to put food on the table? Just mooch off Engels and your brother-in-law.