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RE: Adsactly Education - The Marriage of Democracy and Capitalism
Very nice comment. I would bring only a couple of very minor things to discussion.
- Capitalism as an investment vehicle probably doesn't predate the Greeks by much. It took the rise of physical money to let capitalism even be possible.
- I strongly feel that slavery was doomed to collapse of it's own weight sooner or later. The industrial revolution sealed it's fate.
Your other 3 points are simply spot on. Said much better than I could have.
So. I agree that capitalism can be at odds with democracy, and is at the current time. I've had at least two marriages where I was at odds with my partner. Is it 'irreconcilable' ?
Thank you for a terrific comment.
Writing this quickly, must be off in a few minutes, sorry:
Re 1: Full democracy is a 20th century development; universal male suffrage didn't happen until the 19th century. Only partial democracies, where only a minority of the population had a vote, based on social class and gender, existed before. I don't consider those democracies, but that's a matter of definition, I suppose.
Re 2: Be that as it may, and it probably is: slavery existed for quite a long time in capitalist countries, and some (parts) of these countries functioned mainly on slave labour, which rather proves the point that a "free and willing workforce" isn't a necessary precondition for capitalism.