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Why People Say Capitalism is Violent
(lemmy.world)
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this post was submitted on 30 Sep 2023
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Money and trade are older than capitalism.
Capitalism emerged from the industrial revolution, as the system of unbounded accumulation of private wealth by a small cohort of society, who contribute no labor, by claiming as profit a share of wealth generated by labor of the rest of society, depriving them from realizing the full value of their own labor.