/liberty/ - Liberty

>>71435

that man has a vagina

I've always been confused by the phrase "rise of capitalism." Like international trade didn't happen at all before the 19th century? Money and trade didn't exist at all before then?

>>71438

It happened before the 19th century but something about 19th century British capitalism made it different or something according to scholars.

>>71438

Capital, investment, banking etc rose in importance relative to land

>>71435

https://en.wikipedia.org/wiki/Corn_Laws

The repeal of this law is generally thought of to be one of the catalysts to modern capitalism and free trade.

>>71489

Might have had a marginal effect but the repeal doesn't seem to have had much effect until the 1870s, which is quite late in the Industrial Revolution.

>>71436

For reals?

>>71493

It increased the importance of capitalists and lowered the importance of landowners.

>>71435

I don't know much about Anglo-Saxon case law, but European code law is just Roman law, in particular the codex iuris civilis, with some nationalistic injections depending on the country. It's mostly transhistorical since it's dogmatically universally applicable. Case law is rather primitive in comparison and started adopting whatever legalistic codes it needed to survive in the modern international business world. The biggest threat to our law are shenanigans such as investment protection laws, arbitral courts, etc. that basically completely economize and privatize legal procedures, dislodging it from public jurisdiction.

>>71490

It was a start toward free trade and a decided move away from mercantilism, if you have something else to add I'd like to see it.

>>71493

What word am I looking for?

Daily reminder:

Usury =/= Capitalsim

How big was the role of limited liability? I think it was pretty big.

>>71438

The Soviet Union participated in international trade, does that mean it was a capitalist nation? Obviously not, only dishonest libertarians trying to redefine words try to claim that having money and trade is enough for capitalism.

>>71969

It does mean the USSR engages in capitalism.

Capital has existed since the dawn of time, what leftists want to say when they say "capitalism" is industrial liberalism.

>>71969

The USSR struggled horribly to figure out ways to trade shit at the international level because they didn't want to adopt the use of money/no one would take their money.

It's a barter system, but bartering is one aspect (of many) in Capitalism. We don't define every trade as being Capitalist (such as governments trading shit between each other), but that doesn't mean the act itself wasn't following a capitalistic model.

I'm tired and it's late, but my point is, Capitalism is the economic system happening behind the scenes, but that doesn't make every trade Capitalist. When the USSR traded shit with another government, it probably wasn't capitalist, but when they traded oil for goods from a US private company, it was most certainly capitalist even if the trade wasn't monetary.

>>72012

>When the USSR traded shit with another government, it probably wasn't capitalist,

That's capitalist too though.

Trade is trade.

>>72017

Trade is trade. Stealing people's shit and giving to people also stealing people's shit isn't capitalist, it's an unlawful market. Private ownership of the memes of production has been compromised.

>>72019

No, thieves can still participate in capitalism.

>>72021

That violates the whole private ownership clause that makes Capitalism Capitalist.

>>71436

FUCKING TRAPPED

I AM ANGRY

grrrrrrRRRRR