Zusammenfassung
“Capitalism” has been used, since the early 20th century, as a concept which captures the structure and dynamic of a particular historical formation of economy, state and society the beginnings of which first emerged, since the late middle ages, in southern and later in the north western parts of Europe (Braudel 1985; Sombart 1916) and which has since then been spreading to virtually all parts of the globe. Antonyms to “capitalism” include subsistence economy, feudalism, socialism, and slave economy. “Third World” developing societies with their “emerging economies” (also called “peripheral capitalism”, Amin 1976) contain insular capitalist patterns in their economy without thereby becoming capitalist societies.
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Offe, C. (2018). Conceptualizing “Capitalism” (2011). In: Macht und Effizienz. Ausgewählte Schriften von Claus Offe, vol 1. Springer VS, Wiesbaden. https://doi.org/10.1007/978-3-658-21938-3_15
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