You know capitalism is really new in the scale of human history right? It wasn’t until the industrial revolution in the 18th century that the means of production could be privately owned which then allowed for further speculative capital (stocks, land value, etc) to be equated to power.
The people of the past weren’t inherently stupid. Plenty of scientific and cultural progress was made prior to capitalism being our economic model.
Most were farmers because humans needed food, and food productivity was low before the age of industrialization. Not really sure what you are trying to argue other than it took a long time for enough progress was made to free humans to presue other things other than farming their land.
Capitalism incentivises rapid progress in all fields.
I’m not cheering for capitalism, just saying it takes advantage of the inherent greed of people to quickly speed innovation. There would be no industrial revolution without capitalism. At least not on the short scale of just a hundred years or two.
You know capitalism is really new in the scale of human history right? It wasn’t until the industrial revolution in the 18th century that the means of production could be privately owned which then allowed for further speculative capital (stocks, land value, etc) to be equated to power.
The people of the past weren’t inherently stupid. Plenty of scientific and cultural progress was made prior to capitalism being our economic model.
What were most people doing before the industrial revolution? Farming.
Most were farmers because humans needed food, and food productivity was low before the age of industrialization. Not really sure what you are trying to argue other than it took a long time for enough progress was made to free humans to presue other things other than farming their land.
Capitalism incentivises rapid progress in all fields.
I’m not cheering for capitalism, just saying it takes advantage of the inherent greed of people to quickly speed innovation. There would be no industrial revolution without capitalism. At least not on the short scale of just a hundred years or two.