we also created farms and art before feudalism. feudalism is also a capitalist structured society. capitalism did not come into existence when adam smith described it, he was just discussing how feudalism gates access to the commons through access to power. capitalism has existed for 12000 years, at least, we only started calling it capitalism in the 1700s. the key features of capitalism are owners of wealth generating resources, and workers who are paid to generate wealth using these wealth generating resources. in the age of feudalism, the wealth generating resource was the land itself, and how the ownership class acquired it was through their access to violence.
we also created farms and art before feudalism. feudalism is also a capitalist structured society. capitalism did not come into existence when adam smith described it, he was just discussing how feudalism gates access to the commons through access to power. capitalism has existed for 12000 years, at least, we only started calling it capitalism in the 1700s. the key features of capitalism are owners of wealth generating resources, and workers who are paid to generate wealth using these wealth generating resources. in the age of feudalism, the wealth generating resource was the land itself, and how the ownership class acquired it was through their access to violence.