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
Comment on We live in a post scarcity information society and we still haven't moved on from capitalism.
Cowbee@lemmy.ml 7 months agoTechnically, Monarchism falls under that definition as well, which is why it gets a bit more complex than that.
betheydocrime@lemmy.world 7 months ago
Cowbee@lemmy.ml 7 months ago
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.
betheydocrime@lemmy.world 7 months ago
Does the exchange of land between kingdoms via wedding dowries/treaties/violence fulfill the definition of a “market for capital”?
Cowbee@lemmy.ml 7 months ago
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.
intensely_human@lemm.ee 7 months ago
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.
Iceblade02@lemmy.world 7 months ago
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.
Cowbee@lemmy.ml 7 months ago
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.