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Reconsidering the entrenched concepts

Post-war Marxist historians, notably Maurice Dobb, Paul Sweezy and Rodney Hilton (who was the only one with a strong medieval research interest), were keen to find out how well the performance of the western European economy matched the sequences set out by Marx, and to identify the “solvent” that transformed so-called feudal society into capitalist society. But the problem lay in defining what this capitalist society was.
The History of Capitalism, David Abulafia

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In Rome before Constantine the Christian Church was a mutation …. In the medieval city the Church was a dominant….. In the great seventeenth century capitals, the Church had become a recessive: still an imposing visible presence, hut no longer a unifying and dynamic social force. In the metropolis today the Church is a survival: its power rests upon numbers, wealth, material organization, not upon its capacity to give its stamp to the daily activities of men

– Lewis Munford, The Culture of the Cities

The Contemporary Definition- Static or Transformative?

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The first definition by Dictionary.com and is disingenuously constructed:

cap·i·tal·ism

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.

cap·i·tal·ism

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 for profit.

cap·i·tal·ism

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 for the betterment of mankind.

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cap·i·tal·ism

an economic and political system in which a country’s trade and industry are controlled by private owners, rather than by the state.

The term “non-profit” is a misnomer

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Merriam-Webster has a better definition.

Definition of capitalism

an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market Merriam Webster Dictionary

Does state-capitalism have a definitive existence?

Merriam Webster defines state capitalism

Definition of state capitalism: an economic system in which private capitalism is modified by a varying degree of government ownership and control

So how does Merriam Webster define ”private capitalism”?

Answer: It doesn’t:

“private capitalism”

The word you’ve entered isn’t in the dictionary. Click on a spelling suggestion below or try again using the search bar above.

https://www.merriamwebster.com/dictionary/private%20capitalism

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Let’s try Merriam Webster for “free enterprise”

Definition of free enterprise

freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance

I decided to look for another definition of “private capitalism”.

A general google search resulted in switching the search term to “capitalism”.

Is there more than one type of capitalism?

Is there a new “radicalism” brewing that defines the function as the function rather than the agent of the function?

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Susan Mackenzie Andersen
Mackenzie Andersen works in the field of product design and handcrafted production. She was raised in a designer-craftsman business in a home. Weston and Brenda Andersen established Andersen Design on the coast of Maine in 1952. The company created a large inventory of slip cast functional forms, wildlife sculptures, original glazes and decorative techniques, made from raw materials sourced in the USA. Andersen Design’s founding mission was to create a handcrafted product affordable to the middle class. Mackenzie’s mission is to reinvent the company as a twenty first century designer craftsmen network, an updated cottage industry, using the Andersen Design brand as a marketing and a common designer-craftsmen community resource. In addition to design and production, Mackenzie is interested in history, philosophy, wealth redistribution, bitcoin, centralization vs complexity theory, and work as a quality of life issue. Part of the ceramic mindset is to understand the world at an interactive molecular level, a perspective that Mackenzie follows through in an independent study of the economic development policy enacted in Maine since 1976, the year Maine became a centralized economy. As with ceramics, Mackenzie analyses the economic development system enacted in Maine as many parts designed to work as a whole.

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