I would call monarchism a form of religious capitalism where the ruling class claims divine right as the methods to accumulate capital, rather than using financial means to accumulate capital
Certainly more hierarchical than Socialism, but also more than Capitalism. Fundamentally, the lack of a market for Capital separates Capitalism from Monarchism, the class dynamics of today are different from before. This is helpful to understand IMO when trying to see how to solve it.
Not really. Capitalism allows anyone to buy and sell Capital, whereas these more primitive exchanges aren’t the same. The Bourgeoisie are fundamentally different from the Aristocracy.
That’s pretty fair. It may feel impossible for me today to afford any capital, but if I were somehow able to accumulate enough money I would be legally allowed to own capital. Under monarchy, even if I got that much money, it would be illegal for me to purchase capital as an individual. That’s enough of a distinction to make them different for me, thanks for bringing it up.
Yep, that’s the idea! Functionally, Capitalism is more revolutionary and progressive than Feudalism, which is why it’s a good thing that Feudalism is fading and Capitalism is the status quo, just like it will also be a good thing when Capitalism is fading and Socialism becomes the status quo.
A monarchy can be capitalist as long as peoples property rights are respected. The moment the monarch decides to lop somebodys head off and take their stuff you’ll be back to the old-school feudalistic “might makes right” societies.
Sort of. Monarchism is more about respecting a family’s right to rule, than a claim on economics, though usually Feudalism goes hand in hand historically. The British parliamentary system with a vestigial Monarchy is an exception, not the rule.
Technically, Monarchism falls under that definition as well, which is why it gets a bit more complex than that.
I would call monarchism a form of religious capitalism where the ruling class claims divine right as the methods to accumulate capital, rather than using financial means to accumulate capital
Certainly more hierarchical than Socialism, but also more than Capitalism. Fundamentally, the lack of a market for Capital separates Capitalism from Monarchism, the class dynamics of today are different from before. This is helpful to understand IMO when trying to see how to solve it.
Does the exchange of land between kingdoms via wedding dowries/treaties/violence fulfill the definition of a “market for capital”?
Kinda. It’s not a very efficient market, but a market doesn’t have to be efficient to be a market.
I guess technically any system of trade could be thought of as a capital market, as long as capital is for sale.
Not really. Capitalism allows anyone to buy and sell Capital, whereas these more primitive exchanges aren’t the same. The Bourgeoisie are fundamentally different from the Aristocracy.
That’s pretty fair. It may feel impossible for me today to afford any capital, but if I were somehow able to accumulate enough money I would be legally allowed to own capital. Under monarchy, even if I got that much money, it would be illegal for me to purchase capital as an individual. That’s enough of a distinction to make them different for me, thanks for bringing it up.
Yep, that’s the idea! Functionally, Capitalism is more revolutionary and progressive than Feudalism, which is why it’s a good thing that Feudalism is fading and Capitalism is the status quo, just like it will also be a good thing when Capitalism is fading and Socialism becomes the status quo.
A monarchy can be capitalist as long as peoples property rights are respected. The moment the monarch decides to lop somebodys head off and take their stuff you’ll be back to the old-school feudalistic “might makes right” societies.
Sort of. Monarchism is more about respecting a family’s right to rule, than a claim on economics, though usually Feudalism goes hand in hand historically. The British parliamentary system with a vestigial Monarchy is an exception, not the rule.