| 18 Jan 2017 |
 MeowWhereTheRiversMeet | the actual economy was capitalist right | 07:41:02 |
| MeowWhereTheRiversMeet | i guess it was a lot simpler | 07:41:36 |
| MeowWhereTheRiversMeet | less things to trade | 07:41:45 |
 Hierophant | well, it was more localized | 07:41:57 |
| Hierophant | and there wasn't a lot of automation | 07:42:02 |
| MeowWhereTheRiversMeet | so everything was under control | 07:42:05 |
| Hierophant | in fact there was no automation | 07:42:08 |
| MeowWhereTheRiversMeet | cap·i·tal·ism
ˈkapədlˌizəm/
noun
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. | 07:42:27 |
| Hierophant | uh-uh | 07:42:45 |
| MeowWhereTheRiversMeet | so it was state controlled | 07:43:00 |
| Hierophant | I guess | 07:46:15 |
| Hierophant | that's not exactly the definition I would use | 07:46:44 |
| Hierophant | but sure | 07:46:45 |
| MeowWhereTheRiversMeet | The "capitalistic era" according to Karl Marx dates from 16th century merchants and small urban workshops.[37] Marx knew that wage labour existed on a modest scale for centuries before capitalist industry. Early Islam promulgated capitalist economic policies, which migrated to Europe through trade partners from cities such as Venice.[38] Capitalism in its modern form can be traced to the emergence of agrarian capitalism and mercantilism in the Renaissance. | 07:53:42 |
| Hierophant | uh-uh | 07:54:48 |
| MeowWhereTheRiversMeet | i guess there wasnt enough to things to produce and provide wages for so most people farmed | 07:55:48 |
| Hierophant | right | 07:56:09 |
| MeowWhereTheRiversMeet | and most people had to farm anyway cus food production wasnt easy | 07:56:12 |
| Hierophant | yeah | 07:58:32 |
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