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this post was submitted on 17 Dec 2024
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Late Stage Capitalism
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You "it can't be capitalism, as a the markets weren't free enough to be glorious free trade"
Me "Free trade has never existed and could never exist "
Also you "The thing about ideologies is they don’t have to be achievable."
Well, you can't argue with that logic.
That .edu would be just about every .edu there is but sure, even though you misused basic terminology, of course you know better than all of them.
Of course you do!
No, I'm not confusing capital with capitalism. Thats a lazy response that shows you didn't understand what was said to you.
Yes, you would have control over "things" and royal charters were to hand out monopolies to some joint stock companies, not all, as many didn't need them due to the freedom of trade they had. There's also no such things as a crown chartered corporation.
As I said above, you had no idea what was said to you and it doesn't seem like you know what you're talking about here either but that doesnt seem to be stopping you. Nope, it barely even slowed you down. This might help: j
oint stock company =/= a stock exchange.
There wouldn't have been enough exchanges of stock to justify a dedicated stock exchange, at the start, now would there? It would be a weird thing to have, right at the beginning, dont you think?
David hume wrote about capitalism, within capitalism, according to David hume. I know you think you know better than practicality every university and wiki too but I doubt even that level of arrogance could make someone believe they know David hume better than David hume. Also, preindustrial capitalism exists. So, we can dismiss that, without a second thought.
Much like capitalism, merchantislism started before you seem to think it did. The acts of enclosure were the death throws of the last part of feudalism, within a mercantile economy, in much the same way that you can have socialised housing, within a capitalist economy.
So, you can't actually say what change ushered in capitalism. Its just that you don't like how it came to be or the baggage it has to carry. So, instead, despite the existence of capitalist vehicles of enterprise, we're to believe that capitalism didn't come into existence until about sometime around the labour reforms where it was presumably baptised, to wash away its prior sins.
Apparently, unlike wiki and all those stupid universities, it seems that capitalism came into being when we all beleived in glorious free trade hard enough for it to be immaculately convinced as the natural economy we were always meant to have.
At least it can now be seen that you confused "capitalism" with "industrial capitalism."
You know if I hadn't gone to real, actual college for politics and economics I might be swayed by your... argument style. For example you clearly don't know the first stock exchange had stock only for the Dutch East India Company. So named because they were chartered by the Dutch Government. They were also one of the earliest Joint Stock Companies. And the time periods of Renaissance and Early Modern Era certainly aren't in dispute.
You should also know that David Hume's writings are available online. Funny thing is, as far as I can tell he didn't use the word capitalism once. It's kind of hard to write additions to an existing ideology without using it's name. In fact Capitalism as a name is given in 1850, by Socialists who are attacking the system. Going back to Adam Smith and David Hume is because they were writing about changing the economic system, and their writings were largely adopted.
About ideologies needing popular approval, that's kind of how that works. As much as they might wish it, philosophers cannot make an ideology a popular movement on a whim. And yeah, the wiki page cites a book review by The Economist, which talks about banking in Florence. and if Banking is it then we, again, have to go back to ancient Mesopotamia, and Capitalism has no definition because it always was and always will be. Don't trust Wikipedia, just don't. You're always going to find some horrible stuff in the sources.
I said before that elements of Capitalism existed before the main ideology of it. Like any other ideology; economic, political, or personal, it stands on the shoulders of the systems that came before it.
You should get your money back.
He critiqued the system he was in. That economic system hasn't changed until now. I don't even know what to say to your rebuttal being that he didn't coin the phrase. That was just sad to read.
Take it up with the universities you disagree with, as you seem to think you know better than them.
Its not just Wikipedia and you have shown yourself to know less than half of whats needed to attempt to correct them on this subject.
You just don't like the origin of capitalism and that's not the same as virtually all the universities and wiki being wrong and you being right, despite misusing basic terminology around the subject.
Also, no, even if it was just one kind of stock, a dedicated exchange wouldn't be needed, if only one joint stock company existed. So, the idea that the creation of the first stock exchange happened at the same time as the whole idea is being birthed is just bizzare. The Dutch east India company was made in 1602 in which was the invention of share capital, hence that being when capitalism was starting.
Also also the stock exchange you mentioned existed before 1623, as there are bonds traded at that exchange recorded then. So, you've disagreed with yourself there.
Thats why we go with wiki and no just vibes. They should've taught you that at that college you went to.
Okay well you're just literally making shit up about what I said now. Out of the two of us, I'm the only one who has shown any actual source material or evidenced any tracking of sources. You have obviously read the wiki, confused its ideological edit war as a university somehow, and are just resorting to ad hominems at this point.
If a university agrees with you in any more than the most general sense of elements of capitalism pre-existing Adam Smith please feel free to show us. They aren't shy about leaving knowledge around for people to pick up and use. Otherwise stop being an ass. Nobody likes a confident ass much less one who's just so wrong.