Capitalism grew out of failed middle age feudalism, and now it’s a global economic social system. So, how did capitalism become so pervasive?
“Capitalism, also called free market economy, or free enterprise economy, economic system, dominant in the Western world since the breakup of feudalism, in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets.”
How the West got rich and modern capitalism was born
“By 1830, one million Americans, most of them enslaved, grew cotton. Raw cotton was the most important export of the United States, at the center of America’s financial flows and emerging modern business practices, and at the core of its first modern manufacturing industry.”
Benioff: USA needs ‘compassionate capitalism’
“We are a country based on capitalism, but we should just have a more compassionate capitalism,” he says.”
What Is Capitalism? Part 1
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