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Capitalism was never designed, it emerged from Feudalism. Capitalism was never an idea, but a result of technological advancement, just as Socialism will be from Capitalism.
Just a minor correction, the rest of your comment is broadly correct.
Capitalism was never designed, it emerged from Feudalism. Capitalism was never an idea, but a result of technological advancement, just as Socialism will be from Capitalism.
Just a minor correction, the rest of your comment is broadly correct.
If we’re being technical, it resulted more directly from mercantilism than feudalism.