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According to William Shaw, the defining characteristic of capitalism is not that it is a free market, but rather that it is an economic system

According to William Shaw, the defining characteristic of capitalism is not that it is a "free market", but rather that it is an economic system in which society's major means of production and distribution are now entirely in private hands. Drawing especially from the lecture notes describe some of the ways that society's means of production, common lands, and resources eventually came to be privately owned-i.e. how was the capital that made capitalism historically accumulated?

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