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Cake day: July 2nd, 2023

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  • Tried to find it but could not. Also the level of commerce absolutely had to do with how rapidly England industrialized, even if it was not the only factor. The massive accumulation of wealth and concentration of productive forces in cities was made by and made possible the advent of industrialization. Also it would not be wrong to say that capitalism caused itself, it was a continuous development from feudalism to capitalism, until it wasn’t and had to be sorted out by capitalism overthrowing the previous social order. So even if the populations of each country were different, the core idea that capital shapes the social relations still holds true, regardless of what may have come before, capitalism at a certain point had to revolutionize social relations. Perhaps if you want to argue, you could say the French were more radical in resisting capitalism (the monarchy, then the working class), maybe. But the working class could only fight capitalism once capitalism had developed to the point of creating a working class.


  • Not entirely true, England just had a shit ton of trade from its colonies, and better trade led to more intense interconnection, and wealth which in the developing industrial method of production led to an explosion of capital. It was to the point the Rhodes (Rhodesia the British colony was named after him) called expansion an existential question for England, because the explosion of capital had to go somewhere. What’s nuts about capital is that it produces more capital using ever more advanced industries and methods of production. England with massive markets and capital available was able to do this to an insane degree. But still, France is something like the third wealthiest nation after US and England, so they did not do too bad for themselves, and their capital still had a field day in Africa. Highly recommend reading Marx or Lenin on imperialism, it’s legit the whole Marxist thesis how modern industry came about, and for Marx, he literally wrote Capital based on data in England. It’s absolutely fascinating how society and the economy entered a seismic shift with the advent of Captialism










  • tentacles9999@lemmynsfw.comtomemes@lemmy.worldLine go up
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    7 months ago

    They win anyways in the US at least. They borrow from the fed which means that they can take a loan out at a lower rate than they give you and pocket the difference. Then if it was not enough they can resell and repackage loans and let some other sucker deal with it. Annnd if that not enough they can create derivatives on packages of the loans (2008 was example of it blowing up) and sell those. And for icing on the cake if they somehow fuck it up (as they have in the past) they can get bailed out, give themselves bonuses and do it all again