Capitalism is the logical continuation of previous western economic orders, such as mercantilism and colonialism. But while the wealth generated by previous orders was derived chiefly from external sources, such as colonies, capitalism started using as economic fuel something which was available everywhere, in practically limitless supply: labor. Instead of going on expensive trips abroad to get slaves, or to milk foreign lands from their resources, wealthy investors could just hire the countless people lying around Europe, being increasingly left without anything to do by mechanization and technological advancements. They were willing to work for little money, which allowed industrialists to reinvest their profits in more mechanization, which allowed productivity to increase exponentially
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| - Capitalism is the logical continuation of previous western economic orders, such as mercantilism and colonialism. But while the wealth generated by previous orders was derived chiefly from external sources, such as colonies, capitalism started using as economic fuel something which was available everywhere, in practically limitless supply: labor. Instead of going on expensive trips abroad to get slaves, or to milk foreign lands from their resources, wealthy investors could just hire the countless people lying around Europe, being increasingly left without anything to do by mechanization and technological advancements. They were willing to work for little money, which allowed industrialists to reinvest their profits in more mechanization, which allowed productivity to increase exponentially
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| Inspiration
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| Obsolete
| - Trade Confederation, Traveling Merchants
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| quoted
| - Winston Churchill
- Damon Runyon
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| Notes
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| Quote
| - Always try to rub up against money, for if you rub against money long enough, some of it may rub off on you.
- The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
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| policies
| - Laissez-Faire, Market Economy
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| abstract
| - Capitalism is the logical continuation of previous western economic orders, such as mercantilism and colonialism. But while the wealth generated by previous orders was derived chiefly from external sources, such as colonies, capitalism started using as economic fuel something which was available everywhere, in practically limitless supply: labor. Instead of going on expensive trips abroad to get slaves, or to milk foreign lands from their resources, wealthy investors could just hire the countless people lying around Europe, being increasingly left without anything to do by mechanization and technological advancements. They were willing to work for little money, which allowed industrialists to reinvest their profits in more mechanization, which allowed productivity to increase exponentially. And so was the new economic world order born. Capitalism makes previous economic Policies obsolete, and introduces their new, more modern and powerful substitutes. Thus your civilization's commerce is ready for modernity. This Civic also causes widespread awe among your diplomatic contacts, and awards 3 File:Envoy6.png Envoys.
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