Memes

45192 readers

1655 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

146

Capitalism is only 400 years old (lemmygrad.ml)

submitted 11 months ago by [email protected] to c/[email protected]

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 11 months ago (1 children)

Investing money in someone to start a business because you believed that business would be worth it in the end happened way earlier though.

That's just more abstract as the final value you can receiv isn't capped anymore - but just having a loan-based economic model is already pretty capitalistic tbh.

But I see how what was basically the creation of stocks can also be seen as a starting point

[–] [email protected] 1 points 11 months ago

I think the more important change was that it wasn't just nobles it was a wealthy merchant class investing