Hobsbawm's Theory on the General Crisis of the 17th century

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Peasants and much of the general population rarely used money except when dealing with the state . Under the self sustaining localized agrarian economies of feudalism, there are an insufficient number of buyers of mass produced goods. This makes mass production uneconomical and thus capitalistic profits impossible...
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This makes mass production uneconomical and thus capitalistic profits impossible. Under feudalism and the absence of a mass market, sellers would opt to make the most profit possible per sale by limiting production and focusing on luxury goods (ie silk and pepper) instead of more ?revolutionary' commodities (ie sugar and cotton) which should be mass produced and sold at lower prices to generate maximum aggregate profits...
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