I’d argue they are separate due to the significant direct government involvement and that capitalism arises in response to mercantilism but fair enough.
The direct government involvement of mercantilism also carried on into what became capitalism. Which makes it harder to separate the two. Especially as capitalists started buying governments (or using military force, either their own, or a friendly government)
I’d argue they are separate due to the significant direct government involvement and that capitalism arises in response to mercantilism but fair enough.
The direct government involvement of mercantilism also carried on into what became capitalism. Which makes it harder to separate the two. Especially as capitalists started buying governments (or using military force, either their own, or a friendly government)