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It’s just the age of the civilization. The Dutch were the originators of much of modern trade capitalism - the joint stock corporation being instrumental to the
by arjie 3mo ago
It’s just the age of the civilization. The Dutch were the originators of much of modern trade capitalism - the joint stock corporation being instrumental to their ability to run long voyages and so on. This happens to everyone. They prosper and then switch to retirement mode and start extracting wealth from the younger people. The speed of your growth determines the top most point of your arc (which is not parabolic but concave down) and after you hit the top you do this sort of thing.
So one way to live a good life is to move to a growth-oriented country in your youth and to a retirement-oriented country in your old age. In this way you get the benefits of both.
- JumpCrisscross 3mo ago> Dutch were the originators of much of modern trade capitalism - the joint stock corporation “The earliest records of joint-stock companies appear in China during the Tang and Song dynasties” [1]. What the Dutch pioneered were tradeable shares, which in turn massively increased the amount of capital a society could rally from its population. [1] https://en.wikipedia.org/wiki/Joint-stock_company https://en.wikipedia.org/wiki/Joint-stock_company
- arjie 3mo agoDefinitely a critical but unintended inaccuracy on my part. I absolutely intended to mean the tradability etc. A Splendid Exchange has a good bit on this. I suppose I meant the public corporation or whatever. Thanks for the correction.