>an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market[0]
>which had been developing for centuries earlier
The use of capital has existed for thousands of years already. One could make the case that there is no such thing as capitalism but rather the desire for the realization of interests. The ruling class "before capitalism" was also capitalist: the lords' power was derived from their capital- the land. The only real difference between the mercantile class and the landed gentry was the respect they commanded when it comes down to it.
Aditionaly, I made the case that one could say there is no capitalism. Could you explain, then, what capitalism is and why it would somehow only exist from the 18th century or later?
LITERALLY NO ONE DOES, or SHOULD, HAVE A PROBLEM WITH COMMERCE. People are always going to buy and sell things. All the other stuff is details on exactly what the rules about doing this should be.
Ah, you’ve mistaken capitalism (which had been developing for centuries earlier) with 18th century liberal economic theory, which is not its foundation but instead a rough ex-post-facto rationalization for large parts of the way it had developed.
What capitalism is, though, is the systematic prioritization of the interests of the mercantile (which became, as legal property rights coalesced around their interest, capitalist) class as the organizing principle of society.