- SandyLv 78 months agoFavourite answer
after the Pilgrims arrived in America and realized socialism was a failure. a person's industriousness, intelligence, and creativity should be rewarded and not given to slackers just because they're part of the communal group.
- Tmess2Lv 78 months ago
No precise birthdate because there has never been a purely capitalist economy.
A pure capitalist economy requires: 1) rights in property recognized by law (as rights recognized by custom depends on your neighbor's willingness to enforce them); 2) rights that can be traded (preferably on a permanent basis; if you can only grant a lease on your property, you don't completely own it in the sense of being able to get full value in trade); 3) no government hand on the scale in favor of certain businesses and certain investors.
On the first issue, for a long period of human history, things were customary. Your family had the house at the corner of block A10. And it normally went from father to son, but that was sort of just something that everybody recognize and your family could not sell the right to use that house to anybody else. Over time, there was some recognition of property rights in the things you made (i.e. you weren't all just working for the noble placed over the territory who could legally take everything you had for no reason) and you could sell those things, but the concept of ownership of real property came much later.
And for much of history, maybe up until the eighteenth or nineteenth century, almost all businesses were strictly regulated by the government. If you wanted to manufacture anything or engage in any large scale trade, you needed to get permission from the government. So you had the roots of capitalism, but not full capitalism. While government is substantially less involved today, there are still some businesses that are closely regulated and require government licenses.
- CliveLv 78 months ago
What does this have to do with elections?
- CathyLv 58 months ago
Capitalism wasn't born. It was createdSource(s): www.FFF.org
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- MikeLv 78 months ago
I don't know when it was born, but capitalism had its first Divine blessing in the Parable of the Talents, Matthew 25:14–30.
- Anonymous8 months ago
The first time somebody traded a bit of extra food for a better flint knife.
- PetterLv 78 months ago
31st of september
- SatanLv 78 months ago
Thousands of years ago - possibly when a caveman decided to trade a pelt for an interesting shaped rock or something
- Anonymous8 months ago
Capitalism arose as soon as agriculture and material acquisition progressed beyond mere subsistence. So probably over 5,000 years ago.