some have cast his wisdom in doubt, but none have ever doubted his strengthpic.twitter.com/ZJ4EsCydb8
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Not sure. The reason why monarchy seems to be the natural form of government in feudalism is because the primary means of production is land, controlled by the crown.
i'm thinking of the development of early capitalism in England in the 17th century. the sovereign controlling the supply of gold coins alone was sufficient to control the entire banking sector such as it existed at the time. Isaac Newton did some interesting work for crown mint.
sounds like the kind of evolutionary pressure that leads directly to a robust system of letters of credit
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