Analysis of capitalism

Yes, appart from the slaver part, as said, I said Marx didn't have enough access to south america, yet for the purpose of analizing how capitalism came to be and what it means, it works just fine.

They even existed by the millions in ancient China despite usually not being associated with that time and place. And though most of the European peasantry in the middle ages were serfs, slaves were far from unheard of even then.

And in your society does slavery exist there?

Obviously I didn't mean in modern times, though no doubt there's at least a few.

And among the Bushmen, the politically correct term nowdays I believe is San

no, all modes of production have been charactarized by private ownership. Capitalism is the mode of production where the means of production become capital and try to grow by exploiting living labor. It's the production for the sake of capital accumulation.

Those are the same kind of people who say that feudalism is capitalism because you could go to the market and buy food.

Also left-com is right for a change

Left-com is theory strong, he's just sectarian as all get-out.

Private ownership of the means of production and markets as the means of commodity distribution, as you posit, could simply describe any society of commodity production.

Capitalism is distinct from other basic forms of commodity production in that it generates profits - there exists "economic growth" that is immaterial.

Commodity producing societies operate as follows:

C - M - C - M - C….

Commodity, exchanged for money, exchanged for commodity of the same worth, to be exchanged for the same amount of money, etc.

Capitalism works like this:

M - C - M1

In that commodities are sold at more value than they were paid for, surplus-value is gained in production and demonstrated in exchange.