Sunday, August 4, 2013

The Centres of Capitalism During its Rise


By Con George-Kotzabasis

@110 Tim WilkinsonStarting from your last sentence. The great French historian, Fernand Braudel, in his magnum opus Civilization and Capitalism delineates the moving Centres of the World-Economy, i.e., Capitalism, initially from Venice, to Genoa, to Antwerp, to Amsterdam, to London and finally to New York. The propelling force of this movement was the ceaseless ever increasing and greater rolling achievements of these metropolises that were at the centre of capitalist development during which its long duration led, for the first time in history, to the improvement of “the lot of humanity” by raising in leaps and bounds its standard of living. The fact that America replaced Britain as the centre of capitalist dynamism was the ne plus ultra achievement of the United States. Are you a human metamorphosed into an ostrich that refuses to see these facts?

To associate Schumpetarian entrepreneurship with spoliation and plunder is to disassociate from serious intellectual discourse. Plunder is the vocation of pirates not of creative entrepreneurs!