Billionaires have seen their wealth expand by 109 percent over the past decade as their fortunes increase $2.7bn a day.
  • SCB@lemmy.worldEnglish
    1·
    1 year ago

    Mercantilism was purely extractive, and thus completely immoral, I agree. However, trade does predate capitalism because capitalism was not a nominal economic system at the time and mercantilist countries traded with one another.