Re:One of the world’s largest investment banks: ‘Greedflatio...
by JackFr on Sunday April 09, 2023 @07:13AM
(#35501629)
Capitalism as characterized by permanent firms with private tradeable claims of ownership and separation of ownership from management is around 400 years old.
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Re:One of the world’s largest investment banks: ‘Greedflatio...
by zztop44 on Sunday April 09, 2023 @08:10AM
(#35501971)
But other elements, such as a wage labor market and global trade not being dominated by mercantilist states, are more recent. In any case, 400 years is relatively recent in terms of economic history.