Capitalism in China and Europe

The reason they're able to do that is because of their robust bureaucratic capacity, the imperial bureaucracy. It intervenes and undermines capitalist interests in the regions where capitalism is kind of coming into being. But it provides somewhere for people who acquire wealth in merchants in merchant in merchant investments. So this means that there is no autonomous organized capitalist class emerging amongst all this capitalist action when China gets a wash in silver. And why is that? Pure old fashioned exploitation. That's all the end of the day it is grinding money gold out of blood.