Why statists hate capitalism

The second book was written by one of the best historians of the 20th, Braudel.

Capitalism is more than just trade.

One part of that development was the introduction of sophisticated financial instruments to manage risk in Rennaissance Italy. That put the capital in capitalism, capiche?

 

Except government in Italy was pretty much catch as catch can. There were however a lot of Jewish bankers working around the edges. And the risk avoidance had more to do with making sure the noble houses that ran the various city states would be more inclined to pay them back rather than to tell them to go pound sand. And to make sure they didn't get wiped out if they bacjed the wrong side in one of the internecine wars between those city states.

 

Google is not going to save you.

 

Dude I didn't need Google I was reading everything I could find on Renaissance Italy before you were born. By the way most of the complaints about bankers and banking today is directly related to antisemitism of the past. The Jews got into banking largely because they weren't allowed to own land in most of Western Europe.

 

Which doesn't explain how you managed to get it wrong.

At that point in time, government wasn't involved, that came later, in England.

The risk management had to do with shipping. Loaning to the noble houses also came later.

I'm 69.

 

Gotcha by 3. Shipping in the Mediterranean 14-15th century?threat other than the weather was Islamic piracy. Stayed that way until the Barbary pirates were shut down. And the Great Age of Sail converted the Mediterranean into a European pond.

 

By 3 do you mean your 3 sentences??

Because you've wandered off the reservation.

We were talking about capitalism. Well, one of us was.

 

My logic is, you don't know what automation is. Quite embarrassing. Since you even posted a definition.

 

I did post a definition. Did you read it? Did you understand it? Perhaps not understand that the term "Largely automatic" means running and regulating complex systems ? No. You obviously didn't understand that.

Once in a while, even though I know it is painful- you should ask yourself is something you believe might be flawed.

For example, your turning the lawn sprinkler on at the hydrant is a MANUAL operation, as is turning it off. The flow of the water IS NOT automatic. Manual and Automatic are different functions.
When a lawn sprinkler system controls this, it turns things on and off according to a timing schedule, changes circuits and completes a complex job with no human interaction required. That IS automatic.

Words matter, if you actually want to communicate. When you alter their meaning, you make communication confusing- mostly to yourself, because others will not get the picture you are trying to create.

 

3 years. You brought up shipping...
By the way every country in Europe had been financing wars through banking houses going back to the last of the Crusades. England being again something of an exception at least since the First Hundred Years War.

 

You don't know the difference between automation. And automatic. Painful. You should ask yourself how your belief is flawed.

You posted a definition of automation. And still can't comprehend. Shameful.

Yes, turning on and of a sprinkler is manual. But it's automation that says you don't have to stand there with hose in your hand. Just turn it on, then turn it off. The rest is done automatically.

Now if one wanted further automation, they'd desing it so, it turns on, then turns off, and does all the needed watering spots without any human intervention after the system is set in place.

But, if one isn't standing there watering with a hose in hand watering the spots, but uses a sprinkler system that waters the spots, even though the of and off might be manual, is still automation over standing there with hose in hand.

 

Your teachers (?) would be ashamed of you- and embarrassed. We should be ashamed of them.
Belligerence is a childish trait.

 

The financial instruments evolved out of shipping, because so many ships were lost.

That changed what banking was.

It changed everything.

 

You seem to know all about belligerence and shameful. Your teachers taught you well. They likely aren't ashamed of you. Was tRUMP your teacher?

Reread the definitions you post. And reread your posts. Shameful.

 

I've taught mental skill classes for recovering drug addicts, even incarcerated juvenile delinquents.
I know when people have no intention of using their heads, heard all the BS, the dodges, the excuses before.
Waste of time- invariably, the person they hurt the most is themselves.
I'll just put you on ignore as someone I consider incapable of rational discussion, and waste no further time on you.
You can tell yourself whatever make you feel good, I could care less.

 

Not really no. Different yes, game changing no.

 

That would be wise, I never seen rational points in your posts. Often word salads and ad hom attacks.
Never a rational discussion was seen in your posts.

Just look at this exchange. You failed to see what you described as being automation. When water turning a wheel is a prime example of automation.

Now if you were reading carefully, you'd notice all my posts back to you, were your very own words bounced right back at you.
So in essence, you are ignoring yourself. How do you not realize that?