Modern economic histography has a very different view of how medieval European economies functioned than Polanyi and Thompson did, one with a lot more continuity over the centuries. To quote the economic historian Gregory Clark:

The more we learn about medieval England, the more careful and reflective the scholarship gets, the more prosaic does medieval economic life seem. The story of the medieval economy in some ways seems to be that there is no story.

Back in the bad old days, when the scholarship was less careful, the medieval economy was mysterious and exciting. Marxists, neo-Malthusians, Chayanovians, and other exotics debated vigorously their pet theories of a pre-capitalist economic world in a wild speculative romp. But little by little, as the archives have been systematically explored, and the hypotheses subject to more rigorous examination, medieval economic historians have been retreating from their exotic Eden back to a mundane world alarmingly like our own.

In terms of commoditification of labour, there is evidence of wage labour going back millienia. The Hekanakhte Papers are a surviving record of Ancient Egyptian economic management from 20th century BCE, so over 4000 years ago. These papers are letters that a landholder and minor priest, Hekanankhte, wrote on a variety of matters, including instructions to the agent managing his land. He discusses grain and cloth sales, renting lands, debts, and the wages to be paid to various servants. (Note I am not an Egyptian expert, am about a zillion miles from reading Egyptian hieroglyphs, and am totally relying on secondary literature here.)

One can of course define capitalism in all sorts of ways, some of which localise this in terms of time, e.g. one could define capitalism as a market economy with a system of limited liability, which therefore allows the aggregation of large amounts of capital. This definition seems entirely reasonable to me, but it's not a common one in the literature (which probably says more about me than everyone else :) ).

But in general, the current view of economic history is that there wasn't anything that distinct about the organisation of the British (or Dutch) economy in this period compared to earlier centuries.

Sources (not given in text)

McCloskey, D,  Hejeebu, S,The Reproving of Karl Polanyi - pdf, https://www.deirdremccloskey.com/docs/graham/polanyi.pdf, Critical Review 13 (Summer 1999): 285-314.

Ezzamel, Mahmoud. 2002. Accounting for Private Estates and the Household in the Twentieth-Century BC Middle Kingdom, Ancient Egypt. Abacus 38 (2): 235. doi:10.1111/1467-6281.00107.