capitalism

Capitalism is a mode of production that emerged first in England sometime between the 1300s and the 1600s. Today it forms the dominant mode of production globally.

Capitalism is a unique historical formation, having never appeared anywhere in human society before the modern era.

What makes capitalism unique?

Capitalism is characterized by two unique features: [[the accumulation of capital]], and [[wage labor]].

In addition, capitalism displays many other unique characteristics which follow from its logic: [[capitalism is totalizing]], the logic of the market is supreme, [[capitalism requires poverty and emiseration to exist]].