If you think of the first corporation as the start of capitalism the Dutch East India company started in 1602, so that would be 17th century Netherlands, not 16th century England. In any case, I think the obvious choice for a date is 18th century England (together with the Industrial Revolution). Of course, you can trace the origins back much earlier even to antiquity, but capitalism the idea to organise most economic activity around capital is in my understanding more recent.

Not to undermine the argument, but capitalism did not start in 16th century England.

I do think it’s a bit more subtle than that. Throughout history people of all faiths, including Jews, Christians and Muslims and of various nations including Arabs, Kurds, Turks and Persians, have made the Middle East their home. The overall division of land at this moment implies that only a tiny slice goes to the Jews. I think realistically after WWII the parties could have come together to discuss independence from the UK in conjunction with a slice of land for the Jews.

Of course, what happened instead was that the English gave land that was highly contested by all to the Jews, without any attempt at asking the opinion of the people living there.