Another important factor in this context was the growing role of competition. While competition was certainly not completely lacking in medieval society, the feudal economic system was based on the principle of co-operation and was regulated—or regimented—by rules which curbed competition. With the rise of capitalism these medieval principles gave way more and more to a principle of individualistic enterprise. Each individual must go ahead and try his luck. He had to swim or to sink. Others were not allied with him in a common enterprise, they became competitors, and often he was confronted
...more
