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Joined 3 years ago
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Cake day: March 23rd, 2022

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  • Didn’t capitalism start 300-400 years ago? If I remember correctly, capitalism was born of the imperial nations of Europe (primarily Great Britain, France, and Spain), as private capital, now unrestricted from the guilds as under feudalism, expanded for increased control of their respective markets.

    The United States, started only slightly after the major imperial powers of its day. In addition, it’s geography blessed it with weak neighbors to the north and south, and fish to the east and west, allowing it to develop almost entirely unhindered from the risk of war destroying it’s means of production. Furthermore, property rights were enshrined in its very constitution from start due to its status as one of the world’s first a bourgeois democracies (widely believed to be the ideal circumstances for the development of capitalism). As such, the United States had one of the most mature capitalist economies in the world by this point. Even at this point it’s form of capitalism is probably more mature than many capitalist nations in the third world are currently.

    In all likelihood, the course of capitalism in the United States was reversed somewhat by a combination of anti-monopolistic legislation, an end to its pre-worldwar isolationist policies, and the introduction of new markets in the world economy due to need for many nations to rebuild after World War Two. As such, I think it reasonable to call this a consequence of a 1940s late stage capitalist economy.

    Please note: The United States did not start out spanning the entire continent, but rather got their though roughly a century of brutal westward expansion and genocide. I apologize for my omission of this information.