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Replying twice, but you might be interested in the history of joint stock companies (what we call corporations). They started to deal with losses at sea, so a l
by geonineties 3y ago
Replying twice, but you might be interested in the history of joint stock companies (what we call corporations). They started to deal with losses at sea, so a lot of your maritime piracy analogies are strangely fitting. This is the first o e https://en.m.wikipedia.org/wiki/Dutch_East_India_Company https://en.m.wikipedia.org/wiki/Dutch_East_India_Company
The fundamental thing I think silicon valley got right is to make the employees shareholders and owners. Co-ops get that right too.
- EchoChamberMan 3y agoIt's hilarious the first example is also, in the first paragraph, a monopoly. I don't have a problem with theoretical capitalism, but people would much rather use their resources to squash a competitor, or in this case, legally prevent, competition on talent. [Edit] People love to espouse the free market, but I'm not sure it ever existed.
- geonineties 3y agoI would say that the monopoly granted to EIC was more like the monopoly granted to patent holders. The risks to life and capital of the venture were extreme.