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Err, companies go back before the invention of capitalism. Ignoring government chartered companies (which date back to the earliest governments, and therefore s
by compiler-guy 3y ago
Err, companies go back before the invention of capitalism. Ignoring government chartered companies (which date back to the earliest governments, and therefore served monarchical economic systems), the first common-stock company was the Dutch East India Company (sometimes known as VOC) and was founded under a mercantilist economic system.
And the VOC was hard-core manipulative and monopolistic.
If you want to claim that companies were invented to serve the rapacious profiteer, then all good--that's mostly true. But as a factual matter, they are not the invention of capitalism and long predate it.