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Capitalism is the switch from control of land and profit/rent earned from land towards control of non-real-estate capital and profit/rent earned from capital, s
by PeterisP 5y ago
Capitalism is the switch from control of land and profit/rent earned from land towards control of non-real-estate capital and profit/rent earned from capital, simply because with the increase of non-land wealth, land became relatively a bit less important. The profit motivation has been human nature already in ancient Babylon and probably as long as homo sapiens has existed.