Exploring the Origins of Capitalism and Transition from Feudalism

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This chapter delves into the origins and characteristics of capitalism, going beyond markets to discuss the concept of using money to make more money. It also explores the transition in Europe from the medieval world and feudalism to the emergence of capitalism, highlighting the factors that shaped the system over time and addressing concerns about the current economic structure.

To fully grasp capitalism, it helps to understand the system it replaced – and the most meaningful differences between feudalism and capitalism. We visit the British Isles of the Middle Ages.

By John Biewen, with co-host Ellen McGirt. Interviews with Karen Dempsey, Ben Jervis, and Eleanor Janega. Story editor: Loretta Williams. Music by Michelle Osis, Lilli Haydn, Chris Westlake, Alex Symcox, and Goodnight, Lucas. Music consulting by Joe Augustine of Narrative Music. “Capitalism” is a production of the Kenan Institute for Ethics at Duke University, in partnership with Imperative 21.