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this post was submitted on 17 Dec 2024
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Late Stage Capitalism
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You should get your money back.
He critiqued the system he was in. That economic system hasn't changed until now. I don't even know what to say to your rebuttal being that he didn't coin the phrase. That was just sad to read.
Take it up with the universities you disagree with, as you seem to think you know better than them.
Its not just Wikipedia and you have shown yourself to know less than half of whats needed to attempt to correct them on this subject.
You just don't like the origin of capitalism and that's not the same as virtually all the universities and wiki being wrong and you being right, despite misusing basic terminology around the subject.
Also, no, even if it was just one kind of stock, a dedicated exchange wouldn't be needed, if only one joint stock company existed. So, the idea that the creation of the first stock exchange happened at the same time as the whole idea is being birthed is just bizzare. The Dutch east India company was made in 1602 in which was the invention of share capital, hence that being when capitalism was starting.
Also also the stock exchange you mentioned existed before 1623, as there are bonds traded at that exchange recorded then. So, you've disagreed with yourself there.
Thats why we go with wiki and no just vibes. They should've taught you that at that college you went to.
Okay well you're just literally making shit up about what I said now. Out of the two of us, I'm the only one who has shown any actual source material or evidenced any tracking of sources. You have obviously read the wiki, confused its ideological edit war as a university somehow, and are just resorting to ad hominems at this point.
If a university agrees with you in any more than the most general sense of elements of capitalism pre-existing Adam Smith please feel free to show us. They aren't shy about leaving knowledge around for people to pick up and use. Otherwise stop being an ass. Nobody likes a confident ass much less one who's just so wrong.