The First Capitalists

When Capitalism Was Created, And What Existed Before

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At its core, capitalism revolves around one key principle: private property ownership.

When most people think of private property, they think of land—the land where you live, build your home, and raise your family. The borders around that land create a boundary for your family’s private use. That’s capitalism. The home you construct on that land? Also capitalism. And if you build a business or a farm on your property to generate wealth, that’s undeniably capitalism.

This foundation—private property ownership—allowed families to build wealth and pass it down through generations. However, it also means that some people have more resources than others, creating a hierarchy based on wealth. The only way to achieve equity, according to socialists, is for everyone to have access to all land because it is owned by no one.

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