People often assume that capitalism is defined by “markets and trade”. But markets and trade existed for thousands of years before capitalism. Capitalism is only 500 years old. So what is distinctive about this economic system? Three things (well, more, but three for now):— Jason Hickel (@jasonhickel) April 18, 2022
People often assume that capitalism is defined by “markets and trade”. But markets and trade existed for thousands of years before capitalism. Capitalism is only 500 years old. So what is distinctive about this economic system? Three things (well, more, but three for now):
— Jason Hickel (@jasonhickel) April 18, 2022