A Quote by Howard Rheingold
Markets are as old as the crossroads. But capitalism, as we know it, is only a few hundred years old, enabled by cooperative arrangements and technologies, such as the joint-stock ownership company, shared liability insurance, double-entry bookkeeping.
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Capitalism designates an economic system significantly characterized by the predominance of "capital." Capitalism and double entry bookkeeping are absolutely indissociable; their relationship to each other is that of form to content.
What does it mean for a civilisation to be a million years old? We have had radio telescopes and spaceships for a few decades; our technical civilisation is a few hundred years old ... an advanced civilisation millions of years old is as much beyond us as we are beyond a bushbaby or a macaque
Few have heard of Fra Luca Pacioli, the inventor of double-entry bookkeeping; but he has probably had much more influence on human life than has Dante or Michelangelo.
The Iraqis have a country that inherited cultures thousands of years old while the Americans have a culture only two hundred years old. Two hundred years will teach thousands of years!? Oh Americans, leave Iraq for its people.
This capitalist society has not lasted forever; it's only a few hundred years old.
Governments, existing primarily to protect and enhance capitalism, maintain their power through the use of technologies that control the populace - by bread or circuses, by war or schooling, by armies and police, all of which are enabled and empowered by technology. That is what we might call the stick part of capitalism, while the riches-for-the-few is the carrot.
The Church's teaching on ownership diverges radically from collectivism as proclaimed by Marxism and "rigid" capitalism. The primacy of the person over things joint ownership of the means of work.
Bitcoin represents the first major breakthrough in economics and finance since double-entry bookkeeping was invented in 1494, and activists need to embrace its power.
I thought the stock was a great buy. I think anybody that bought the stock in 1999 was - saw over the next couple of years a strong growth. During the year of 1999, I significantly increased my ownership of shares in the company.
You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.
Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.
Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.
I saw the Doctor as a kind of lama, one of those long-lived old boys out in Tibet who might be anything up to eight hundred years old but only look seventy-five.
You know, where I come from, an antique, to be called an antique, it has to be at least a hundred years old. That's a law: before you can call something an antique, it has to be a hundred years old. In L.A., something that's been around for a couple of weeks is an antique. It's true! People are like, Look at this old-fashioned iPod. Look at this! It's the size of a man's hand! Ha ha ha ha. Back then-back then, people thought Mel Gibson was just acting crazy. It was a very different time.
When anybody, no matter how old they are, loses a parent, I think it hurts the same as if you were only five years old, you know? I think all of us are always five years old in the presence and absence of our parents.
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