private property
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Replying to @chaosprime
Were feudalist, monarchist, pre-Smith states capitalist?
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Replying to @orthonormalist
didn't tend to feature property you weren't just momentarily enjoying at the king's pleasure did they
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then i'd say these were capitalist economies, the identifying feature of which i consider to be that the owner of capital goods determines their use and owns the results of that use maybe not readily recognizable as capitalist because just economically slow
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Replying to @chaosprime
Can we consider classical Greece to be capitalist under this?
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Replying to @orthonormalist
i don't feel that i have a nuanced enough grasp of property in classical Greece to make a confident statement on that but the impressions i have don't contradict it
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Replying to @chaosprime @orthonormalist
it might be less jarring for people to speak of them as "proto-capitalist" and to consider "capitalist" economies as having the additional feature of consciously pursuing value creation through the production process as A Thing
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idk, maybe that's just noise and capitalism is ownership determination of capital disposition, what people think of Capitalism is capitalism + markets + industrialization + finance + long distance trade
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Replying to @chaosprime
☉rthnormalist Retweeted ☉rthnormalist
☉rthnormalist added,
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