• rottingleaf
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    8 months ago

    There wasn’t significant movable capital either at that time.

      • rottingleaf
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        8 months ago

        Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn’t exist back then.

        • Ð Greıt Þu̇mpkin@lemm.ee
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          8 months ago

          Yeah, instead there was a bunch of fruit companies, IBM, and GM.

          The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.