Wednesday, August 28, 2019

Communications. The origin of capitalism Summary. By Ellen Meiksins Research Paper

Communications. The origin of capitalism Summary. By Ellen Meiksins Wood 17 page reading - Research Paper Example 4. English tenants were stimulated to enhance productivity while capitalism was developing in contrast to the aristocratic culture in which the rulers oppressed the peasants rather than building up on productivity. 5. Capitalist development promoted the growth of independent commodity production in the 16th century England by transforming the feudalism-based relation between landlords and peasants into market-mediated relation. 6. The peasants, as producers, could establish capitalism back in medieval England only if given chance by their landlords who mostly tried to squeeze more surplus labor out of them without rewarding them. 7. In France, the peasants had easier access to the property and firmer hold on it, so they had no trouble in establishing capitalist mode of development by resisting the increasing pressures from landlords. 8. Locke’s view of property, which lays stress on productivity and labor value, laid foundation for the industrial capitalism. 9. The class strug gle or conflict over property rights between the ruling class and the poor subordinates seen in the 17th century English Revolution also contributed in developing capitalism.

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