How Capitalism Began — A Global History | Sven Beckert with Javier Mejia episode artwork

EPISODE · Feb 22, 2026 · 1H 1M

How Capitalism Began — A Global History | Sven Beckert with Javier Mejia

from The Economic and Political History Podcast · host Javier Mejia

Interview with Sven Beckert, author of 'Capitalism: A Global History' (Penguin Random House)Rather than treating capitalism as a natural or inevitable system, Beckert traces its emergence over the past millennium—showing how capitalism arose unevenly, through global connections, state power, coercion, and conflict.We discuss capitalism as a historical rupture, the idea of “islands of capital,” the role of merchants before capitalism fully existed, the necessity of the state, Europe’s divergence without Eurocentrism, the relationship between capitalism and the Industrial Revolution, resistance and rebellion, and what history can tell us about capitalism’s future.This conversation is for anyone interested in political economy, economic history, globalization, and the long-run forces that shaped the modern world.Topics covered:– What makes capitalism historically unique– Why capitalism emerged globally, not nationally– The role of the state in capitalist development– Capitalism and the Industrial Revolution– Crisis, reconstruction, and survival– Is capitalism inevitable—or transformable?Javier Mejia is a Stanford University lecturer who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.Twitter (X): https://twitter.com/JavierMejiaCInstagram: https://www.instagram.com/javier_mejia_c/LinkedIn: https://www.linkedin.com/in/javier-mejia-cubillos-64504562/Spotify: https://open.spotify.com/show/3WqEZXavqg3qstoLKwtllF?si=589f4216d414448fApple Podcasts: https://podcasts.apple.com/us/podcast/the-economic-and-political-history-podcast/id1708348817

Interview with Sven Beckert, author of 'Capitalism: A Global History' (Penguin Random House)Rather than treating capitalism as a natural or inevitable system, Beckert traces its emergence over the past millennium—showing how capitalism arose unevenly, through global connections, state power, coercion, and conflict.We discuss capitalism as a historical rupture, the idea of “islands of capital,” the role of merchants before capitalism fully existed, the necessity of the state, Europe’s divergence without Eurocentrism, the relationship between capitalism and the Industrial Revolution, resistance and rebellion, and what history can tell us about capitalism’s future.This conversation is for anyone interested in political economy, economic history, globalization, and the long-run forces that shaped the modern world.Topics covered:– What makes capitalism historically unique– Why capitalism emerged globally, not nationally– The role of the state in capitalist development– Capitalism and the Industrial Revolution– Crisis, reconstruction, and survival– Is capitalism inevitable—or transformable?Javier Mejia is a Stanford University lecturer who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine.Twitter (X): https://twitter.com/JavierMejiaCInstagram: https://www.instagram.com/javier_mejia_c/LinkedIn: https://www.linkedin.com/in/javier-mejia-cubillos-64504562/Spotify: https://open.spotify.com/show/3WqEZXavqg3qstoLKwtllF?si=589f4216d414448fApple Podcasts: https://podcasts.apple.com/us/podcast/the-economic-and-political-history-podcast/id1708348817

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How Capitalism Began — A Global History | Sven Beckert with Javier Mejia

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This episode was published on February 22, 2026.

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Interview with Sven Beckert, author of 'Capitalism: A Global History' (Penguin Random House)Rather than treating capitalism as a natural or inevitable system, Beckert traces its emergence over the past millennium—showing how capitalism arose...

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