model
Mercantile trade creates a middle class, while extraction produces mismanagement and wealth inequality.
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Wealth Inequality
Mercantile trade creates a middle class, while extraction produces mismanagement and wealth inequality.
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"Second is finances, okay? So historically, Jews have these financial networks all across Europe. And so if you need a lot of money to..."
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"...lead to mismanagement and this will lead to a lot of wealth inequality. And that was the issue facing Spain. But if you focus..."
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"...China into its system. But because of that, it was causing wealth inequality in China. And that's why the Ming Dynasty will shut down..."
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"...in IBC. We know there are classes. We know there is wealth inequality. But,"
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Relevant Lectures And Readings
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The Dutch Golden Age begins with a poisoned Spanish windfall and ends with Vermeer exposing cracks in the respectable household.
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