Capitalism is a relatively recent invention, so no.
It's disappointing that there are people who think that "far-left ideologues" have anything to do with the decline of public libraries.
It's disappointing that there are people who think that "far-left ideologues" have anything to do with the decline of public libraries.
Similarly there was no word for "the economic system where buyers and sellers of goods and services _aren't_ forbidden from buying and selling those goods and services except from and to the state" until communists turned up and proposed a system with that restriction. We didnt need a word for "an economy where commerce is permissible", in other words, until someone suggested it might be forbidden.
The term capitalism started to be used during the Enlightment in order to describe the new economic system that replaced the one that immediately preceded it, often loosely referred to as feudalism, a system where large land-owners held all the economic power and effectively ruled the lives of their serfs/tenants, and didn’t feel the need to invest their excess wealth into improving the means of production to increase productivity. The merchants, traders and crafts-people had little to no power under this system – at least not until they had their own revolutions.