Sprouts of capitalism

Sprouts of capitalism
Chinese name
Traditional Chinese資本主義萌芽
Simplified Chinese资本主义萌芽
Transcriptions
Standard Mandarin
Hanyu Pinyinzīběnzhǔyì méngyá
Korean name
Hangul자본주의맹아
Transcriptions
McCune–Reischauerchabonjuŭi maenga
Japanese name
Kanji資本主義萌芽
Transcriptions
RomanizationShihonshugi hōga

The sprouts of capitalism, seeds of capitalism or capitalist sprouts are features of the economy of the late Ming and early Qing dynasties (16th to 18th centuries) that mainland Chinese historians have seen as resembling developments in pre-industrial Europe, and as precursors of a hypothetical indigenous development of industrial capitalism. Korean nationalist historiography has also adopted the idea. In China the sprouts theory was denounced during the Cultural Revolution, but saw renewed interest after the economy began to grow rapidly in the 1980s.


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