Timeline for Could a culture have free-market capitalism without corporations?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
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| Jun 22, 2021 at 14:19 | comment | added | David R | And sometimes, the "capital" is not monetary. I've heard that the wood that Stradivarius used to make his violins was wood his grandfather started curing. The French government started planting oaks in 1670 and paying for their upkeep so that they would have the timbers 200+ years in the future. (Now these are being used to rebuild Notre Dame.) | |
| Jun 22, 2021 at 12:28 | comment | added | user29956 | @MikeScott how about the fugger family, or the templars with their banking-system that even kings owed money to? Both of these provided considerable capital in exchange for privileges that would be provided after the wars they financed. | |
| Jun 21, 2021 at 17:55 | comment | added | David R | @MikeScott I agree that they would not match today's definition of "capitalist", but they were definitely capitalistic. A crafts person needed to acquire a good amount of capital before they could open up, (Price what it takes to pull a good woodshop together.) That often took generations to gather. | |
| Jun 21, 2021 at 15:45 | comment | added | Mike Scott | Those cultures weren’t capitalist. They didn’t amass private capital to resource large projects that wouldn’t deliver their full value for many decades, with the expectation of making an eventual profit, which is what capitalism does. | |
| Jun 21, 2021 at 14:28 | history | answered | David R | CC BY-SA 4.0 |