Antedating definition of capitalism

Antedating definition of capitalism

Interest-bearing capital, or, as we may call it in its antiquated form, usurer's capital, belongs together with its twin brother, merchant's capital, to the antediluvian forms of capital, which long precede the capitalist mode of production and are to be found in the most diverse economic formations of society. The existence of usurer's capital merely requires that at least a portion of products should be transformed into commodities, and that money should have developed in its various functions along with trade in commodities.

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Capitalism | Definition of Capitalism by Merriam-Webster

  • A Comment on Capitalist Origins
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A Comment on Capitalist Origins

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Antedating statement of meaning of capitalism.

5 thoughts on “Antedating definition of capitalism

  1. NETTIE

    In some sources, communism is equated with socialism ; in others, it is contrasted with democracy and capitalism.

    Reply
  2. KAYLA

    Dinosaurs antedated the first human beings by almost 65 million years, though this stubborn fact never used to stop cartoonists and screenwriters from having the two species inhabit the same story line.

    Reply