Transcription of IS CAPITALISM NATURAL?
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IS CAPITALISM NATURAL?
economic systems are differentiated according to how the dominant class gets the surplus. The ways that the dominant class can get control over the surplus generated within the economy is limited only by the imagination: an astounding number of different economic systems have appeared in human history. A relatively small number of economic systems, however, have played a central role in economic history: kinship production, feudalism, CAPITALISM , slavery, and socialism. Some of these economic systems are ancient. For instance, kinship production and slavery date from the beginning of human history approximately 100,000 years ago. Other economic systems are not so ancient. Indeed, some economic systems appeared only very recently. In this chapter I present a general overview of some of the most important economic systems.
34 DIFFERENT ECONOMIC SYSTEMS establish political or economic relations with Europe, and the Ottoman Empire was still one of the world’s great powers. But from other points of view, 300 years is an extremely brief period of time.
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