To further your point, Europe was actually a backwater compared to the vastly more prosperous civilizations of China and India right up until Capitalism happened in England. The reason Spain was burning through slaves mining silver in the Americas is so they could trade it to China for their much better and cheaper goods.

England evolving the right conditions for Capitalist social relations to take hold in the countryside is a world-historical freak accident that was anything but inevitable. Is it an L for everyone else that it just happened to go right for them?