Why Modernity and Capitalism Developed

 

Ingredients of capitalism had been developing for many centuries.


Developed culminated in 18th century England.


England was unique, different, weird, and precious because

she allowed the rule of law to create security in property and contract.

Then industrialization led to massive wealth accumulation.

 

Prerequisites
a. Nation State development allowed the universally applied

rule of law in a society bound together by a shared identity


b. Healthy civil society of competing and complementary institutions could root society

and serve as a counter balance to the arbitrary power of the state monarchs.

These combined to contribute to the increased importance of the individual.


c. Religious pluralism replaced religious hegemony. It deterred innovation as a heresy.

Until the reformation, religion was not separate from work and family.

Religion was a way of life and any change that might be a threat to established order

was not acceptable to oligarchs of the day


ed. Common Law was a unique system that made state subject to the people not vice versa.

Dating to the seventh century, England had a social compact between the ruler and the ruled.

Other similar early legal environments eventually died out. As a result, aristocracy

worked differently in England, it was more autocratic.

Universally applied common judgements determined law making it less conceptional,

less of an imposition than the ruler made Roman Top Down law.

This organic development applied to other liberties with more formality beginning with the 1215 Magna Carter

It dramatically expanding, especially in the US after John Lock wrote them down.

 

Contributors to Englandís Enrichment


1. Protestantism made economic success politically correct.
Replaced acceptance of continued poverty as required for the glory of an afterlife.

Puritans powered by the need for a sign one had been predestined for an after-life,

made economic success part of the process. People made hard work, honest dealings piety,

and thriftiness part of their behavior to demonstrate they had been chosen by God for salvation.

This was the opposite of the no change, ant wealth some would say anti usury/Jewish

attitude of the Roman Church.


2. Island Geographic provided much protection so England to be less militarized.

This made political absolutism less likely as the Kingís protection was not as important.

English monarchs did not to own country.


3. Scientific Revolution
4. Protestantism unleashed the spirit of innovation and liberty by eliminating the church requirement in the salvation process.

5. Attitudes toward government allowed monopoly changed.

Mostly urban class professionals, craftsman, merchants, artisans and nonagricultural workers

of England and Holland no longer received vested interest protection.

Merchant Gilds with the help of the Crown and the church no longer stopped innovation which had become politically correct.

Soon wealth began a long continuous, and dramatic increase that spread to the Eastward. It just got to China.