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You know what the most amazing thing about capitalism/free markets is?

Posted on 8/26/14 at 2:20 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69251 posts
Posted on 8/26/14 at 2:20 pm
It's extremely new on the timeline of human history, not really becoming dominant until Holland and England started liberalizing their economies in the early 19th/late 18th century.

Most human societies up until then were either culturally collectivist, mercantilist, or heavily militaristic. (Think Sparta)


Here is a learn liberty video on it:

LINK

Please watch the video before posting.
This post was edited on 8/26/14 at 2:23 pm
Posted by bamarep
Member since Nov 2013
51794 posts
Posted on 8/26/14 at 2:33 pm to
Pretty simple history lesson on capitalism. Not sure if I agree with the second reason she gave for "why" it happened though.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69251 posts
Posted on 8/26/14 at 2:35 pm to
quote:

Pretty simple history lesson on capitalism. Not sure if I agree with the second reason she gave for "why" it happened though.
The person in the video used to be a man, but got the surgery done. She is a famous free market economist.
Posted by Langston
Member since Nov 2010
7685 posts
Posted on 8/26/14 at 2:45 pm to
quote:

The person in the video used to be a man, but got the surgery done.


Not sure why this matters. Am I missing something?

ETA: kinda obvious though
This post was edited on 8/26/14 at 2:48 pm
Posted by baybeefeetz
Member since Sep 2009
31633 posts
Posted on 8/26/14 at 2:48 pm to
quote:

Not sure why this matters.


Because it is always interesting as frick, and you should stop pretending you don't realize that.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69251 posts
Posted on 8/26/14 at 2:51 pm to
quote:

Not sure why this matters
It doesn't, but her voice is a bit demonic.
Posted by bamarep
Member since Nov 2013
51794 posts
Posted on 8/26/14 at 3:01 pm to
Wonder what Milton would say about this?
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 8/26/14 at 3:47 pm to
quote:

Wonder what Milton would say about this?


“Better to reign in Hell, than to serve in Heaven.”
Posted by Bunsbert Montcroff
Phoenix AZ / Boise ID
Member since Jan 2008
5495 posts
Posted on 8/26/14 at 6:12 pm to
quote:

You know what the most amazing thing about capitalism/free markets is?

quote:

It's extremely new on the timeline of human history, not really becoming dominant until Holland and England started liberalizing their economies in the early 19th/late 18th century.

Most human societies up until then were either culturally collectivist, mercantilist, or heavily militaristic. (Think Sparta)

hmm. i am not sure why that makes capitalism particularly amazing, unless you are suggesting that capitalism is somehow the culmination of all of human economic history. and if you are, you would be committing a pretty gross teleological fallacy.

and innovation is a necessary, but not sufficient, explanation for the rise of industrial capitalism in the nineteenth century. it didn't hurt that the dutch and english had enormous overseas empires (the professor dismissed "exploitation" much too blithely IMO) nor did it hurt that european governments - not merely private companies - were directly involved in industrialization.
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