Earlier quoted context omitted.
Rights to privately acquire land, create corporations, and sell across markets were extant across different civilizations throughout history. The Chola merchant guilds had formalized corporate structures that dissipated the risk of long voyages 2000 years ago. Seeing that the Romans traded with the Cholas, the Romans probably had corporate structures too. Humans have been living in complex societies since the Bronze…
I largely agree with this. But I still think there was something unique about the legal entitlements in 17th century England that didn't really exist in previous eras. Previous versions of complex structures were still family oriented, or had to put up with local power brokers, or were a fiefdom unto themselves. Like, you didn't see James Watt build a fort and hire goons to protect his assets. But that would have bee…
What was unique about legal entitlements 1600s England that wasn't in, say, 1600s Netherlands?
Like, why doesn't the Dutch East India Company count?
Or quoting https://en.wikipedia.org/wiki/Falun_Mine#Free_miners :
> The organizational structure of Falun Mine created under the 1347 charter was advanced for its time. Free miners owned shares of the operation, proportional to their ownership of copper smelters. The structure was precursor to modern joint stock companies, and Stora Enso, the modern successor to the old mining company, is often referred to as the oldest joint stock company still operational in the world.[2]