He also talks about the Northern European life cycle is in part what gave way to capitalism. In the late medieval times, it was common that every craftsman had their own workshop and before they could afford one, they want around and worked for wages until they could buy their own. So wage labor was seen as a juvenile phase that has a value in its own because it’s pedagogical. Later, people were stuck in this phase and it was still seen as an end in itself. This is in addition to what Marx and Weber had to say about the beginning of capitalism.
He also talks about the Northern European life cycle is in part what gave way to capitalism. In the late medieval times, it was common that every craftsman had their own workshop and before they could afford one, they want around and worked for wages until they could buy their own. So wage labor was seen as a juvenile phase that has a value in its own because it’s pedagogical. Later, people were stuck in this phase and it was still seen as an end in itself. This is in addition to what Marx and Weber had to say about the beginning of capitalism.