tag:blogger.com,1999:blog-2761684730989137546.post2989637908066577191..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Joshua D. Rothman — The new history of slavery and capitalismmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2761684730989137546.post-71306686004672963412016-01-02T22:25:17.375-05:002016-01-02T22:25:17.375-05:00If "Capitalism" is defined as the econom...<i>If "Capitalism" is defined as the economic system that arrived in the wake of industrialization, and it usually is, then there is absolutely ZERO link between slavery and capitalism.</i><br /><br />I found the following three definitions of "Capitalism" over the internet, with a simple Google search. They range from the most authoritative and well-known to a simple dictionary definition. It took me about 5 minutes.<br /><br />Not a single one of them mentions "industrialization".<br /><br /><br />Capitalism <br />Written by: The Editors of Encyclopædia Britannica <br /><br /><b>Capitalism</b>, also called <b>free market economy</b>, or <b>free enterprise economy</b>, 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.<br />http://www.britannica.com/topic/capitalism<br /><br /><br />Capitalism<br />From Wikipedia, the free encyclopedia<br /><br /><b>Capitalism</b> is an economic system based on private ownership of the means of production and the creation of goods and services for profit. Central characteristics of capitalism include private property, capital accumulation, wage labour and competitive markets. In a capitalist market economy, investments are determined by private decision and the parties to a transaction typically determine the prices at which they exchange assets, goods, and services.<br />https://en.wikipedia.org/wiki/Capitalism<br /><br />capitalism<br />noun<br />1.<br />an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.<br />http://dictionary.reference.com/browse/capitalism<br /><br /><br />Question:<br /><br />Who on earth "usually" [?!] defines capitalism as "the economic system that arrived in the wake of industrialization"?Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18343277187452310702016-01-02T22:22:41.530-05:002016-01-02T22:22:41.530-05:00This comment has been removed by the author.Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-54176123814019396422016-01-01T14:28:07.703-05:002016-01-01T14:28:07.703-05:00Think of it as Russian dolls Tom. We are still in ...Think of it as Russian dolls Tom. We are still in a feudal age. When the transition is clear it is often violent.Randomhttps://www.blogger.com/profile/04445772572707818311noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-42136015085444945082016-01-01T13:45:56.198-05:002016-01-01T13:45:56.198-05:00Johnny Cash - Sixteen Tons
I was pitched some ti...<a href="https://youtu.be/tfp2O9ADwGk" rel="nofollow"> Johnny Cash - Sixteen Tons </a><br /><br />I was pitched some time ago to invest in a payday loan startup with the promise that it was the coming thing. (He was right about that.)<br /><br />The pitch was collecting 300-400% interest from poor workers that fell into the debt trap.<br />Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-40825101984854984102016-01-01T13:37:56.592-05:002016-01-01T13:37:56.592-05:00If "Capitalism" is defined as the econom...<i>If "Capitalism" is defined as the economic system that arrived in the wake of industrialization, and it usually is, then there is absolutely ZERO link between slavery and capitalism.</i><br /><br />The transition from the Agricultural Age to the Industrial Age was not instantaneous but took several centuries. In fact, it is still taking place in yet a large portion of the world.<br /><br />Similarly, the transition from the Industrial Age to the Information Age will take a long time and it will involve automation, then robotics, then AI and then ????<br /><br />Very little happens quickly in human history.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9101794530193786562016-01-01T12:00:42.316-05:002016-01-01T12:00:42.316-05:00If "Capitalism" is defined as the econom...If "Capitalism" is defined as the economic system that arrived in the wake of industrialization, and it usually is, then there is absolutely ZERO link between slavery and capitalism.<br />1) Industrialism was originally the product of mostly Protestant Brits—esp the Quakers. These were largely the same people who populated the abolitionist movement.<br />2) Industrial types did not believe in slaves—they would rather invent and perfect a cotton-picking machine.<br />3) Slaves did NOT have ONE thing to do with the mass production of steel, the Arkwright Mill, etc<br /><br />The idea that USA would not have industrialized or become prosperous without the contribution of slaves and slavers is just nuts.Jonathan Larsonhttps://www.blogger.com/profile/05217670446743983955noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49511659821166036472016-01-01T09:15:55.428-05:002016-01-01T09:15:55.428-05:00New N.Wilson Post
http://www.3spoken.co.uk/2016/01...New N.Wilson Post<br />http://www.3spoken.co.uk/2016/01/the-lefts-love-of-higher-law.htmlRandomhttps://www.blogger.com/profile/04445772572707818311noreply@blogger.com