| 18 Jan 2017 |
 Hierophant | sounds like Egypt was extremely unequal | 07:35:35 |
 MeowWhereTheRiversMeet | thats a short article | 07:35:43 |
| MeowWhereTheRiversMeet | this is a paper on wealth inequality in egypt v | 07:36:33 |
| MeowWhereTheRiversMeet | https://arxiv.org/pdf/cond-mat/0410414.pdf | 07:36:36 |
| Hierophant | equations | 07:37:58 |
| Hierophant | greeeat | 07:37:59 |
| Hierophant | I'm not that interested in inequality in ancient Egypt anyway | 07:38:18 |
| Hierophant | but I'm sure it was terrible etc | 07:38:23 |
| MeowWhereTheRiversMeet | i think its the paper that article was based on | 07:38:54 |
| MeowWhereTheRiversMeet | basically just saying that rich people had all the cash | 07:39:08 |
| MeowWhereTheRiversMeet | i was wonderin how their economy worked, like how much was proivately owned and how much was effeced by the kings | 07:39:51 |
| Hierophant | mmhm | 07:40:22 |
| MeowWhereTheRiversMeet | cus they say capitalism was inventd in like the 1700s | 07:40:25 |
| MeowWhereTheRiversMeet | but whats the difference really | 07:40:39 |
| MeowWhereTheRiversMeet | besides the kings meddling in everything | 07:40:47 |
| 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 |
