146
Capitalism is only 400 years old
(lemmygrad.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Sep 2023
146 points (71.7% liked)
Memes
45755 readers
1177 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
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
I think the more important change was that it wasn't just nobles it was a wealthy merchant class investing