1

Does the phrase in bold mean "it makes us think about the primitive age of mid-19th century capitalism"?

There are a couple of things that could kill the hype for the digital currency and help push demand in the opposite direction. One of them is a Lehman or Enron-style fraud event, not necessarily in the Bitcoin market, but in some other cryptocurrency market, which brings to mind the wild west mentality of mid-19th century capitalism.

Source: Forbes magazine

2

The Wild West refers to the western part of the US during the mid-19th century. It was an era characterised by violence (particularly between the incoming Europeans and the Native Americans) and anarchy.

So, the "wild west mentality" of 19th-century capitalism invokes the idea that in those days, capitalism was more disorganised, chaotic and possibly even violent.

  • +1 although we should note that the "violence and anarchy" exists mainly in popular culture and fiction, more than it ever did in real life. – stangdon Dec 5 '17 at 16:55

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