Thanks for sharing this. I have been looking more information on the history of insurance pools.
"In short succession Genoa developed insurance, insurance pools secured by landed estates, and reinsurance. Exchanges sprang up for trading public debt, commodity futures, and other commercial paper." A few generations later Genoa gave birth to Columbus. https://archive.is/DsBNb https://twitter.com/TuurDemeester/status/1164322504208465921 …
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Every day is a school day.
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Isn't Columbus more like 15th century?
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Thoughts re:
@harari_yuval 's assertion that the Dutch and British shareholder based colonialism triumphed Spain's monarchal colonialism bc Spain lost trust of wealthy/investors? Why didn't Frankfurt/ Genoa/et al fight for a slice? B/c their cash flows were already flush?Thanks. Twitter will use this to make your timeline better. UndoUndo
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