o_O.Q said:
"Capitalism started off in the absolute monarchies of Europe"
the definition of "capitalism" : an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
were the people in those monarchies allowed to own businesses? no? so why are you calling them capitalist? |
I did not call absolute monarchies "capitalist", I said that capitalism began in absolute monarchies. Here is an article about the birth of capitalism in Europe by FEE, a libertatian think tank.
https://fee.org/articles/how-medieval-towns-paved-the-way-for-capitalism/