Brad DeLong's Grasping Reality • 123 implied HN points • 19 Feb 26
- The Dover Circle’s post-1500 economic breakthrough was an unusual historical anomaly that came from a failure to stabilize the usual preindustrial society-of-domination and depended on specific ecological, social, financial, and imperial conditions.
- Europe’s odd mix of feudal fragmentation, weak kinship ties, strong urban-bourgeois forces, later female first marriage, and relatively high wages made it an unstable outlier that pushed toward capitalism and modern science.
- Flexible credit around 1490–1530 financed linked projects of war, exploration, printing, and state-building that helped create a Europe-centered world system, while stable gunpowder empires in Asia, once opened to global markets, faced deindustrialization under international competition.