What is the Meaning of "Capitalism" and Other Out-Moded Terms?

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In the Beginning:

The true history of eleventh-century civilization is a source of inspiration for contemporary apocalypse dramas. After five centuries of living in danger and uncertainty, walls were built around the town, so that the populous could focus on living rather than surviving. The church was the center of the community, attracting fairs, incorporating a marketplace and theatre, into its orbit. Technology had not developed to the stage that it required concentrated capital beyond the means of the ordinary citizen or town, creating an egalitarian society with a locally based economy in which wealth was created through production. Artisans and tradespeople typically made up four-fifths of the town populace. In the beginning, the economy grew through the activity of industrious producers before merchants gained dominance. Barter was the currency of exchange.

And so I wondered, does the early medieval society qualify as a capitalist society? That question led to