Scene on Radio S7 E4: Invisible Hand Guy?
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Jul 10, 2024 Discover the historical roots of capitalism through Enlightenment thinkers like Spinoza and Smith. Explore the shift in mindset towards wealth accumulation, liberalism, and democracy. Unveil Adam Smith's complex philosophy beyond the 'invisible hand,' advocating for fair markets and government intervention. Dive into the evolution of capitalism through firms and the dual nature of innovation and inequality.
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Poldark and the Industrial Revolution
- Ellen McGirt admits to binge-watching Poldark during the pandemic.
- The show, set during the first industrial revolution, features a mine owner named Ross Poldark.
Medieval to Modern Shift
- The shift from medieval to modern times involved economic, social, and cultural changes.
- These changes, like skepticism and secularism, made capitalism possible.
Scientific Revolution and Exploitation
- The scientific revolution, with figures like Bacon and Descartes, promoted human dominance over nature.
- This view was essential for capitalism's takeoff by removing limitations on land use.