Yes; under Mercantilism the nobles could sit around all day and their wealth would increase off the backs of the workers
Enter Capitalism where you no longer have generational wealth and pay is based on how many hours you put in. The goal is that the artisan will be the richest in society because they spend their life working
Or at least in theory; it fails when you add capitalists which just occupied the nobles branch before
I mean, are capitalists really added in? They’re baked in the system, from where I stand. How did it ever try to solve generational wealth, when wealth can be accumulated/inherited? When was it ever about wages, and not about profit incentives and private ownership of production? And is “spending your life working” the thing we want to encourage as a society?
If we change systems then people with wealth and power will erode it or seize the power vacuum created
Also you are correct in saying you can’t have a Capitalist nation with inheritance
A more recent example is Communism where every country that claims to adopt it doesn’t do that, instead they tend to adopt more authoritarian measures and centralized governments
Going back even further you can look at Christianity where people are supposed to be banned from having wealth but they needed to get the elite on board for it to spread
This point of view always leaves me scratching my head. What’s the point, exactly? Are we genuinely arguing that we are not living in a capitalist society?
This is a very narrow definition of capitalism by which I can’t think of a single country that would qualify. I’ll be honest, it’s the first time someone argues with me that our modern world of Keynesian macroeconomics isn’t fundamentally capitalist.
I also strongly disagree that having social components to your market economy makes you not Capitalist. Free Market is not all Capitalism is.
Yes; under Mercantilism the nobles could sit around all day and their wealth would increase off the backs of the workers
Enter Capitalism where you no longer have generational wealth and pay is based on how many hours you put in. The goal is that the artisan will be the richest in society because they spend their life working
Or at least in theory; it fails when you add capitalists which just occupied the nobles branch before
I mean, are capitalists really added in? They’re baked in the system, from where I stand. How did it ever try to solve generational wealth, when wealth can be accumulated/inherited? When was it ever about wages, and not about profit incentives and private ownership of production? And is “spending your life working” the thing we want to encourage as a society?
If we change systems then people with wealth and power will erode it or seize the power vacuum created
Also you are correct in saying you can’t have a Capitalist nation with inheritance
A more recent example is Communism where every country that claims to adopt it doesn’t do that, instead they tend to adopt more authoritarian measures and centralized governments
Going back even further you can look at Christianity where people are supposed to be banned from having wealth but they needed to get the elite on board for it to spread
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Canada is considered a liberal country regardless of the party in power
This point of view always leaves me scratching my head. What’s the point, exactly? Are we genuinely arguing that we are not living in a capitalist society?
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This is a very narrow definition of capitalism by which I can’t think of a single country that would qualify. I’ll be honest, it’s the first time someone argues with me that our modern world of Keynesian macroeconomics isn’t fundamentally capitalist.
I also strongly disagree that having social components to your market economy makes you not Capitalist. Free Market is not all Capitalism is.
deleted by creator
The point is that you’re not going to get rid of the problems unless you get rid of the people that seek power