Jeff,
I can speak only for myself here, not for everyone who’s voiced doubts about the word “capitalism,†but I can say that my worries have nothing to do with worries about “the merit of capital accumulation.†They have to do with worries about the merit of capital concentration, i.e., the extent to which capital ownership is concentrated in artificially few hands, rather than being widely dispersed. (*)
So, when you refer to Haiti, I think you make a perfectly good point about the importance not only of exchange, but also of capital goods. But what we take issue with in the book is not the existence of capital goods (!) or individual property rights in capital goods; it’s the political misdirection and destruction of capital goods — specifically, the concentration of capital goods in the hands of a select business class, and the destruction of those capital goods which otherwise would be dispersed outside of their hands. (**) And in the case of Haiti, what you describe isn’t an enforced absence of “capitalism,†in the sense that we use it, but an enforced absence of what our introduction describes as the first of four distinctive features of “the market form,†i.e., secure ownership of individual property. Which I certainly agree has a lot to do with the political regime (including the U.S. Empire’s long record of trashing Haitian property, incinerating Haitian wealth, and murdering Haitian people, from 1806 to present).
So, the question at stake in the book, as I see it, is not primarily a question about capital accumulation but about who has access to and control over accumulated capital, and the claim we make (for the purposes of this blog comment, of course, this is just going to be a claim — we have an argument, but the argument is made in the book) is that a lot of facts about statist-quo economic relationships can be explained by the extent to which that has been politically determined — by the extent to which capital has been concentrated by a cluster of political privileges and the economic ripple-effects of those privileges. If you want to know why wage labor and debt so pervasive and so predominant as ways of “making a living,†then (we argue) part of the explanation for that has to do with the means by which the state has privileged incumbent capitalists, at the expense of, and while actively destroying, the capital of ordinary workers and would-be competitors.
-C
(* You might worry: well, if it’s dispersed, then you have a million people with hand tools; which is admittedly better than a million people without, but the real advantages of civilization come about specifically from large-scale combinations of whole arrays of capital. But widely dispersed capital doesn’t really mean that the capital cannot be combined or coordinated, any more than widely dispersed labor power — every one has only so many hours they can work in a day — means that labor cannot be combined or coordinated on a large scale. It just means that the coordination happens by means of cooperation and contract rather than by means of concentrated ownership.)
(** This can mean either its physical destruction — as when Urban Renewal and other forms of socioeconomic cleansing simply bulldozed people’s livelihoods — or its praxeological destruction, i.e., disabling a good’s its potential functions as capital and forcing it into the category of a pure consumer good — e.g. when people’s existing resources are forced into involuntary idleness by licensure schemes, zoning regulations, subsidized competition — including the massive subsidy to companies at or near the inflation spigot — and all the other ways in which the regulatory and monetary state does its dirty business.)