Hexboare [they/them]

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Joined 9 months ago
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Cake day: August 14th, 2024

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  • Ellen Meiksins Wood’s pretty compelling argument was that capitalism arose first as agrarian capitalism in England with the enclosure of common property, the imposition of market relations (tenants needing to rent and dependent on markets rather than substance farming) and the relationship between the 200 or so landowning family who dominated the state.

    Wood also brings the idea of improvement of productive capacity as a critical definitional element of capitalism - which I think is really crucial.

    So for example, you say what if the Greeks or Romans deployed steam technology in an industrial way. And someone else might respond “oh well, they didn’t have the metallurgical technology to prepare the high quality steel required to use steam technology to further mechanise production”. But if you’re a medieval business owner, you’re not really thinking that if you invested in the metallurgical tech tree, you’ll let steam power - with the exception of the capitalist hell bent on increasing output in a highly competitive environment.

    Technological development is driven primarily by social relations - which is why you have marvels like the Antikythera mechanism with a complex system of 60+ gears sinking to the bottom of the Mediterranean and the technology otherwise being basically unused in Greek society.