Traditional Culture Encyclopedia - Traditional festivals - What is feudalism, capitalism?

What is feudalism, capitalism?

Different modes of production, different classes in power, different social systems.

Feudal states had one ****lord - the king or the son of heaven - and the lord of the state and the nobles **** ruled the state together; the nobles each had their own fiefs or domains, called feudal lords or noble lords, and they had their own separate bureaucracies to govern their domains, and separate private armies.

Capitalism, on the other hand, expanded the pursuit of profit indefinitely, with ambitious monarchs adopting the policies of equally ambitious politicians and beginning to concentrate capital to maximize profit.

China embarked on the path of state capitalism and also established a centralized bureaucracy; created the imperial examination system to select officials, which basically allowed all male nationals to take the examination to enter the civil service; abolished the system of hereditary nobles and noble fiefdoms in favor of economic compensation; and greatly strengthened the absolute authority of the royal family.

Feudalism has been defined in a variety of ways; the Concise Encyclopedia Britannica explains it as "feudalism," a social system of rights and duties based on land tenure and personal dependence. And in the book "Feudal Society" by Mark Bloch, feudalism mainly refers to the political and legal systems of medieval western Europe, specifically the relationship between the feudal lord and the feudal vassal, the respective rights and obligations of the feudal lord and feudal vassal, the system of land division, the hierarchical system of separation of powers, the king or the centralized power power potentate, the traditional legal customs and so on.

Capitalism is an economic system in which capital is owned by individuals and is based on private ownership. Private ownership is the most important element of capitalism, without which it cannot be called capitalism.

Capitalism developed from feudal society. Feudal society was one in which landlords rented land to peasants for sowing, and the peasants were in control of the land during the period of the lease but had to pay rent and other taxes to the landlords at regular intervals. Capitalism changed to a situation where agricultural workers work on the farms of agricultural capitalists and are paid to leave without controlling the land. In capitalism there is an employment relationship between the capitalist and the worker. Capitalism refers to the sense that capital dominates the economy and politics of a society, there is no precise definition, different economists have different definitions.

Generally speaking, capitalism is an economic or socio-economic system in which the means of production are overwhelmingly owned by individuals, and value is created by means of the tools of production by means of wage labor. The value created is divided into five parts: taxes, rents, profits, the value of labor, and entrepreneurial talent. In the capitalist system, goods and services circulate in the free market with the help of money. Investment decisions are made by individuals, and production and distribution are controlled by corporations and businesses competing with each other to maximize profits according to rational assumptions and social rules.