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It was the French Revolution that served as the catalyst of this renovation. Its impact was to make the concept of popular sovereignty the new moral justification for the political system of historical capitalism.

Immanuel Wallerstein

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Immanuel Wallerstein
Age: 88 †
Born: 1930
Born: September 28
Died: 2019
Died: August 31
Economic Historian
Economist
Geopolitician
Historian
Political Scientist
Sociologist
University Teacher
Writer
New York City
New York
Immanuel Maurice Wallerstein
Revolution
Served
System
French
Moral
Concept
Political
Popular
Make
Capitalism
Renovation
Historical
Catalyst
Concepts
Sovereignty
Impact
Justification

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That is why we may say that the historical development of capitalism has involved the thrust towards the commodification of everything.
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The very concept of universal formal education is a product (and a relatively late product) of the capitalist world-economy.
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The concept that one ought to restrict one's political involvement to one's own state was deeply antithetical to those who were pursuing the accumulation of capital for its own sake.
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I am suggesting that there is, and always has been, a rather high correlation between ethnicity and occupation/economic role throughout the various time-space zones of historical capitalism.
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To those critics who see capitalism as a system of inegalitarian, oppressive structures, its defenders have vaunted its ability to recognize and encourage what they call individual merit and asserted not only the desirability but also the inevitability of differential reward, of earned privilege, so to speak.
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Historical capitalism is a materialist civilization.
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People resist exploitation. They resist as actively as they can, as passively as they must.
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We can tentatively credit capitalist civilization with a positive, if very geographically uneven, record in the struggle against disease.
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A second variety concentrated on presumed major transformations of the capitalist system as of some recent point in time, in which the whole earlier point of time served as a mythologized foil against which to treat the empirical reality of the present.
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Uncertainty is wondrous, and.. certainty, were it to be real, would be moral death.
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It seems to me the only pertinent question is: cui bono? It is clear that the size of the privileged strata as a percentage of the whole has grown significantly under historical capitalism. And for these people, the world they know is better on the whole than any their earlier counterparts knew.
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This is a steady, ceaseless process, impossible to contain as long as the economy driven by the endless accumulation of capital. The system may prolong its life by slowing down some of the activities which are wearing it out, but death always looms somewhere on the horizon.
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The break from the supposedly culturally-narrow religious bases of knowledge in favor of supposedly trans-cultural scientific bases of knowledge served as the self-justification of a particularly pernicious form of cultural imperialism.
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