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The Role Played by the State in the Development of Capitalism in Japan

Written by Fred Weston
Thursday, 21 July 2011


Photo: Bill Keaggy

The classical view of how capitalism develops is that within feudal society a class emerges made up of merchants, bankers, early industrialists, i.e. the bourgeoisie, and that for this class to be able to develop its full potential a bourgeois revolution is required to break the limits imposed by the landed feudal aristocracy. That is how things developed, more or less, in countries like France and England, but not in Japan.

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