In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch and co-host Austin Padgett analyze capitalism's cycles across civilizations, examining how free markets emerged from feudalism, their conflict with monarchies and socialism, and regulatory capture's impact on economic development. -- SPONSOR: ZCASH | SHOPIFY The right technology reshapes politics and culture toward freedom and prosperity. Zcash—the "machinery of freedom"—delivers unstoppable private money through encryption. When your wealth is unseen, it's unseizable. Download Zashi wallet and follow @genzcash to learn more: ⁠⁠⁠⁠⁠https://x.com/genzcash⁠⁠⁠⁠⁠ Shopify powers millions of businesses worldwide, handling 10% of U.S. e-commerce. With hundreds of templates, AI tools for product descriptions, and seamless marketing campaign creation, it's like having a design studio and marketing team in one. Start your $1/month trial today at https://shopify.com/cognitive -- FOLLOW ON X: @whatifalthist (Rudyard) @LudwigNverMises (Austin) @TurpentineMedia -- TIMESTAMPS: (00:00) Introduction: The Rise and History of Capitalism (01:00) Personal Bias in Scholarship & Marxist Economics (04:30) Cognitive Biases in American Institutions (07:30) Sponsors: Zcash | Spotify (10:12) Medieval Europe: Capitalism's Emergence from Feudalism (33:00) Third World Examples & The Reality of Bureaucracy (46:00) Victorian Britain & Why Classical Liberalism Failed (59:00) Cold War Lessons: Capitalism vs. Socialism (1:10:00) The Meaning Crisis & Psychological Critiques of Capitalism (1:28:00) Ancient & Asian Capitalism: Bronze Age to Silk Road (1:47:00) Medieval European Banking: Templars, Jews & Monasteries (2:00:00) Regulatory Capture Myths: Snake Oil, Standard Oil & The FDA (2:12:00) Immigration's Role in American Socialism (2:19:00) Complete Historical Chronology & Closing Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices