On: Degrees of Wealth

[JumpCrisscross]

> 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

[arjie → JumpCrisscross]

Definitely 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.