non-capitalist society

is characterized by not being based on market exchange but on redistribution and reciprocity.

According to Polanyi, in modern capitalist economies the concepts of formalism and substantivism coincide since people organise their livelihoods based on the principle of rational choice. However, in non-Capitalist, pre-industrial economies this assumption does not hold. Unlike their Western capitalist counterparts, they are not based on market exchange but on redistribution and reciprocity. Reciprocity is defined as the mutual exchange of goods or services as part of long-term relationships. Redistribution implies the existence of a strong political centre such as kinship-based leadership, which receives and then redistributes subsistence goods according to culturally-specific principles. In societies that are not market-based reciprocity and redistribution usually occur together. (wikipedia)

non capitalist society, n.All

non capitalist society