3 ms·
> Dutch were the originators of much of modern trade capitalism - the joint stock corporation “The earliest records of joint-stock companies appear in China du
by 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.