DEVS 100 Lecture 5: Devs week 3 lecture 1

• School: Queen's University
• Department: Global Development Studies
• Course: DEVS 100
• Professor: David A Mc Donald

Document Summary

Devs 100: week 3 lecture 1: tuesday september 26, 2017. Only landed" class could own and create wealth. Land and agriculture the only major sources of wealth generation. Landed class seen as obstacle to change. Created new spaces and institutions for capitalists. Labour mobility permitted by new laws, ideologies and institutions. Emergence of capitalism took place in different ways, at different speeds and with different degrees of success over 500 years in europe. Still evolving in europe eastern europe, southern europe. Earlier systems (slavery, feudalism) were inherently unequal, did not provide opportunities for improvement, kept the poor in drudgery, did not allow progress (intellectually, economically, culturally) As thomas hobbes put it in 1651, life under feudalism was "solitary, poor, nasty, brutish, and short". " it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. "