Posted 2 years ago on Feb. 15, 2012, 10:26 a.m. EST by debndan
This content is user submitted and not an official statement
I'm sorry, but capitalism has been around for a lot longer than the past couple hundred years, and same with the other main systems of economics.
In fact, I'd say that capitalism has been around for as long as there has been a medium of exchange between free peoples, just as socialism has been around for as long as there has been any elite group that controls the means of production in the name of watching over an enslaved people.
When the first settlers in sumer decided to trade grain for goods (forms of capital) capitalism was born.
When the first god-kings convinced their peoples in sumer to give up their freedom in exchange for security, communism was born.
And when the first Pharaohs convinced free men to exchange taxes for basic security in times of scarcity, then socialism was born.
These 3 systems all employed varying levels of slavery to sustain them, sometimes freedom came with the price of insecurity, sometimes freedom was taken in the name of the greater good, and sometimes freedom was willingly given up in the name of security.
This was the case from the neolithic to the late bronze age, then something changed..... and the ultimate system was born that maximizes freedom and security, while providing stability in a dangerous world of the late bronze age/ early Iron age.
Drovers in the Levant co-operated to dig mutual wells and maintain oasis, while herding chattel and trading between the power players of 3 continents.
They had no personal government, other than ruling their own passions, and engaged in capitalistic exchange. When a dispute arose, the community at large decided the matter and their system could best be described as anarcho-syndachism.
These co-ops were for the mutual benefit of all it's individual syndicate/ members. In other words each individual grouping, usually by family affiliation, benefited from their own hard work and not on others hard work.
In this environment the first alphabet was born along with notions that individual freedom were inherent blessings from heaven, and not the whimsy of a god-king.
This didn't last, as the ensuing prosperity was too much to be ignored by the 3 major powers (egypt, Hatutia, and babylon)
But this model was repeated later by the ancient hebrews, with the same results, and world powers again crushed it, for true freedom was a danger to the slaver, though not the slave.
And this model would again arise in Athens and resulted in a golden age and the birth of democracy. But the world powers were again challenged, and it took the slavers of sparta, and nearly 2/3 of the greek world, and even then, it took the help of persia to defeat athens.
For the slavers don't like it when slaves have hope or when non slavers do better than them without enslaving their fellow man.
But that's history