I'll start by saying I could be very wrong about the the differences in army formation in the 17th century Netherlands and will defer to both of you, particularly Owen, until I read more.
I have. But nothing on this kind of subject matter that would suggest a good enough understanding of the subject to warrant the kind of leeway I give to Cheezy on the USSR/Marxism or Dachs on lots of stuff. On something like contemporary American politics? Sure.
Buuut on a subject matter I know lots about, have a degree in and work in? I don't think so.
inorite.
I don't want to sound condescending but this is 101 stuff, which I'm familiar with. What I was interested in, was how on would defend that kind of claim. While I appreciate the neat summary I got, I'm still disappointed because that's not what the argument is about. (It would be if I had some idea of what you goals you were aiming at). You didn't address capitalism much at all. I think I'm meant to assume that banks, loans, etc are what
make capitalism which isn't all that satisfactory. Traitorfish will I believe concur with this assessment, as would most scholars familiar with the subject. I have the same concerns about the use of 'modern' (used in the context of government and banking and finance), nation-state (not discussed at all) and Western (not mentioned). For something like nation-state, where room for debate is quite narrow, I might have been able to accept it if the evidence had been provided in this format. I wouldn't for Western, and I'm stumped on what modern means in this context, particularly the point at which we transition from pre-modern to modern. (I'm assuming here, of course, that you mean modern in terms of some kind of qualitative assessment of progress [oh look shares!] and not like 'close to the present'. I shouldn't have to be making assumptions like this)
That kind of language ("turning point" and "modern") has fallen out of usage in history and economics with, I think, good reason. It just doesn't tell us much and inevitably ends up as a fight about those factors necessary for something to be 'modern' with the sides adopting the standards best suited to supporting their claims. It's zero sum and wholly unprofitable.
You might want to clarify what "Social regulation" means, it's not a turn of phrase I've heard before. I'd also like to point out that chasing profits via investment was common. Private investment in productive assets? That's somewhat different, I guess. But even so, bottomry and respondentia arrangements were universal in Europe at the time.
I don't think that's all that accurate. The VOC, admittedly not the army, had to employ German/Catholic Portuguese/Eurasians and whoever the hell else they could get their hands on because the Dutch lower classes were not at all eager to sign up. While I do agree that the VOC was rather a great deal unhealthier than the army, I think the difference between the two and civilian life was sufficient that neither was an attractive prospect for well remunerated Dutchman. Dachs can provide more information on this, I think. I'm not sure how this is relevant to the question either.
All of those terms have meaning outside of this historical context. You can't just decide to suspend meaning, force the evidence to fit the conclusion, and call it a day which is what you seem to want to be do here.
EDIT: Having said all of this, if you'd just said: the Dutch were cool because of the Wissenbank, how it become the fiscal model to emulate, and blah blah blah VOC, blah blah blah Republic, blah blah blah punching above weight, blah blah blah. If that had been the case, I would have at worst objected to any inaccuracies.
I'm also mystified by the effort put into defending this. I know you like the Dutch, but couldn't you have gone: "Good point, the claim is rather indefensible but there's still all these reasons to include them". I even gave you three options to extricate yourself from it.
Your frowney face was at who I am and what I study, my rolleyes was at your comment. These are not the same. Nice try on the hypocrisy accusation.
I don't really care about the Dutch that much like I've been looking for reasons to find them great, I'm just fascinated that they get so overlooked after I started learning a bit about them.
Yes those terms have meaning outside that context, but not to put the discussion in a circle but at least *I* thought its clear enough which meanings I was using once those different agents were put together. If I say hydrogen, you might think hindenburg. Or you might think the sun. Or you might think the smallest element. If I say oxygen, you might think a women's TV show. Or you might think the air we breathe. On their own, they could mean anything. But if I said hydrogen and oxygen together, you'd probably think water and I'd probably mean water. Does that metaphor make sense why I might think I didn't need to define terms and why I found atomizing the wrong way of approaching what I meant?
I want to address what I find two important points. One is you said "investment chasing profits"
The other is social regulation. It's Marx in origin but the real credit, IMO goes to
Gramsci. If you've read anything about concepts like "Fordism" you'll understand the concept right away, otherwise you'll pick it up in a few quick seconds. In a nutshell, and more liberally speaking, it's that whatever the driving agent of social organization is, will shape very dramatically the rest of society. Its morals, its values, its norms, its fashions. So in the very early 20th century America, you have an economy based on innovation, immigration, and entrepreneurship which encouraged a social regulation, basically a system of society, that was diverse, free minded, etc. I'm being a bit loose here because my knowledge of the level of social conservatism in, say, 1895 (the gay 90s as they called it) is very limited. But when the economy conformed to Henry Ford's style of strict assembly manufacturing, society changed with it. Men, needed to be on their game in a factory with no room for error and no need for creativity, were discouraged from being liberal, loose animals and were encouraged to instead go home to a stable nuclear family every night with a wife to take care of him. Women in turn encouraged then to be very domestic and focused on their husbands. Drugs etc were out. And so forth.
It's a lot more interesting and credible when you read the actual works. In the case of discussing Fordism the argument was that the driving agent of social regulation was based around the primary mode of production in the economy. So it can be something fairly narrow have broad range effects.
A quick aside: the Italians were already engaged in profit seeking, investment, and insurance, loans, currency arbitrage, and the works. Hence my point about not being the first at many individual things, including the banking side... Ok anyway
Now I never claimed in that post, nor would I, that banking and loans = capitalism. I was making a point more that they were taking a modern-enough banking system and working it into a system of taking profits and seeking reinvestment. And herein is my second point I wanted to address and it gets us a lot closer to the definition of capitalism.
You said that "I'd also like to point out that chasing profits via investment was common". Yes, yes it was. And has been since forever. Now reverse it. Chasing investments via profits. You actually did reverse it in the following sentence, so you got it, but I want to hammer that distinction home. The thing that the Italians started, but then the Dutch did in a more advanced way was to keep investing for investing's sake. This is really, really weird in the context of history. Prior to the Dutch and the Italians, many people sought profits, traded, took loans sure, but did so so that they could buy some luxuries or acquire land to live like the gentry subsisting comfortably on agriculture. The accumulation of capital for its own sake was largely considered crazy, or immoral, or just weird. The Dutch had to economize to keep their dense populations fed, their armies efficient, and so forth.
I am here defining modern here as a capitalist nation state. I am defining a nation state very liberally, and as a political entity comprised of a
people united into one state with some imagined shared identity in who they are as a people and why they share a state, rather than a bunch of people serving a lord and are only united with the other peasants a couple of counties over because they know its all politically under one feudal roof, and maybe speak the same language.
And I am defining capitalism as the organizing of society centered around the accumulation of capital.
So before the Dutch there was no unified country that practiced a political economy that so dominated the social sphere as to go in a completely different direction as the whole rest of history. A direction that quickly lead to the end of Malthusian economies and is the overarching social regulation today. How the business of government became business, or commerce, and protecting commerce. It's not that we owe it to the Dutch or anything jingoistic like that, it's that such a shift that came from aggregating all the right elements into one crazy new molecule lead to a pretty radically different world than the one we had. Exponential growth of economies and technologies? What? Whole revolutionary societies set up to protect... merchants? Liberalism can be a thing? (ignore Taoism for a second, it didn't become the dominant moral philosophy)
It's all pretty wild, and pretty revolutionary. Definitely had a lot of gradual steps leading up to it, and the revolution wasn't exactly fast by any means (decades, centuries....) So anyway, I've tabbed in and out of this reply a bazillion time so I maybe have left something out or gone on a tangent. I'm happy to field questions, arguments, or points of clarification.
@Owen, yeah, their lands were perfectly suited for trade. That's part of their story as a tiny swamp country becoming a dominant world commercial power.