In this respect, capitalism is closely related to proprietarianism, which I define in this study as a political ideology whose fundamental purpose is to provide absolute protection to private property (conceived as a universal right, open to everyone regardless of old status inequalities). The classic capitalism of the Belle Époque is an outgrowth of the proprietarianism of the age of heavy industry and international finance, just as today’s hypercapitalism is an outgrowth of the era of the digital revolution and tax havens.
Proprietarism defined
In this respect, capitalism is closely related to proprietarianism, which I define in this study as a political ideology whose fundamental purpose is to provide absolute protection to private property (conceived as a universal right, open to everyone regardless of old status inequalities). The classic capitalism of the Belle Époque is an outgrowth of the proprietarianism of the age of heavy industry and international finance, just as today’s hypercapitalism is an outgrowth of the era of the digital revolution and tax havens.
