You are confusing a market economy with Capitalism, with Capitalism being a specific type of market economy. Capitalism only exist where a market can support wealthy individuals outside of a traditional hereditary class to make larges investments to produce new capital. This by definition requires industrialization, a stock market of sort, and banking industry.
@@HYDRAdudeno, they are the same thing. What is a different type of market economy? Mercantalism isn't because it's merely referring to a philosophy regarding a nation's wealth. The rules are exactly the same as a market economy/capitalism
My intention wasn't to define what capitalism was. It was more to see how people lived and power was distributed. I may do a follow up on the economic side in future though
@@juanfisi capitalism (free market economics is a better term) always existed. It just got super organized later on during the 1500s onwards in the west. The technology simply got better later on when stored of value and other concepts were improved upon.
underrated ahh channel
indeed
This channel is going places
nice vid 👍
You pimped your other videos 1 to many times my man, big turn off
Ha, yeah it was more me trying to be funny more than anything. Might cut it out at some point though
Bro didn't define "capitalism" once 😂😂😂 classic commie
Capitalism has never not existed
Hmmm, evidence?
You are confusing a market economy with Capitalism, with Capitalism being a specific type of market economy. Capitalism only exist where a market can support wealthy individuals outside of a traditional hereditary class to make larges investments to produce new capital. This by definition requires industrialization, a stock market of sort, and banking industry.
@@HYDRAdudeno, they are the same thing. What is a different type of market economy? Mercantalism isn't because it's merely referring to a philosophy regarding a nation's wealth. The rules are exactly the same as a market economy/capitalism
There was nothing about Capitalism or even economics in the video. Misleading Title
My intention wasn't to define what capitalism was. It was more to see how people lived and power was distributed. I may do a follow up on the economic side in future though
The title says how people lived before it, not how it came to be.
@@juanfisi capitalism (free market economics is a better term) always existed. It just got super organized later on during the 1500s onwards in the west. The technology simply got better later on when stored of value and other concepts were improved upon.
@@unheardhistory a better title would have been “before the banking and economic revolutions” then