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Scene on Radio: Capitalism
S7 E2: BC: Before Capitalism
Jun 26, 2024
Guests Karen Dempsey, Ben Jervis, and Eleanor Janega discuss the transition from feudalism to capitalism in the British Isles of the Middle Ages. They explore topics like the origins of capitalism, life in medieval cities, London's prosperity in the 14th century, the Peasants' Revolt, and spending habits of the wealthy.
47:04
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Quick takeaways
- Under feudalism, wealth accumulation was not used to create more capital but consumed, contrasting with capitalism's focus on wealth creation.
- Feudal societies emphasized communal living and limited money exchange, contrasting with capitalism's individual wealth accumulation and economic agency.
Deep dives
Medieval Peasant Life in Cosmeston Village
Despite a dark and cramped one-room cottage, medieval peasant households in Cosmeston Village lived a communal life, sharing work and resources. Villagers farmed wheat and barley, raised animals, provided dairy products, and engaged in craft activities. The village operated as a self-contained unit, with minimal money exchange and emphasis on communal living and labor.
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