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It's uncommon throughout human history for private organizations to have such concentrations of wealth and power. Typical such concentrations have been reserve
by bjo590 6y ago
It's uncommon throughout human history for private organizations to have such concentrations of wealth and power. Typical such concentrations have been reserved for the state.
- chillacy 6y agoI recall Harari talks about the cycle of capital in Sapiens, with the Dutch punching above their weight compared to Spain due to how they could fundraise for wars by raising war bonds or selling stock, vs the Spanish king who had to increase taxes but could only get as much out of unwilling people. It turned out to be a powerful idea. Technology is also developing faster now than ever before. To what extent they're related may be up to debate, but at least according to Harari, there's a very virtuous cycle between science and capital (also empire, but that's a separate topic).