The Dutch East India company’s biggest innovation was instead of begging some king to fund their colonization, they sold shares in the venture to regular people. This is the invention of capitalism.
Then they leveraged the state military to increase their profits without paying a dime. And then after going bankrupt they make the state take over their liabilities while squirreling away the profits. This is the refinement of capitalism.
The Dutch East India company’s biggest innovation was instead of begging some king to fund their colonization, they sold shares in the venture to regular people. This is the invention of capitalism.
Then they leveraged the state military to increase their profits without paying a dime. And then after going bankrupt they make the state take over their liabilities while squirreling away the profits. This is the refinement of capitalism.