Comments by "Fredinno" (@innosam123) on "Whatifalthist" channel.

  1. 7
  2. 7
  3. 7
  4. 7
  5. 7
  6. 7
  7. 7
  8. 7
  9. 7
  10. 7
  11. 7
  12. 7
  13. 7
  14. 7
  15. 7
  16. 7
  17. 7
  18. 7
  19. 7
  20. 7
  21. 7
  22. 7
  23. 7
  24. 7
  25. 7
  26. 7
  27. 7
  28. 6
  29. 6
  30. 6
  31. 6
  32. 6
  33. 6
  34. 6
  35. 6
  36. 6
  37. 6
  38. 6
  39. 6
  40. 6
  41. 6
  42. 6
  43. 6
  44. 6
  45. 6
  46. 6
  47. 6
  48. 6
  49. 5
  50. LOL Diamond 101 https://en.m.wikipedia.org/wiki/Capitalism “Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.[5][6] In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in financial and capital markets whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.[7][8]” Mercantilism can exist in a capitalistic system- in fact most countries are mercantilistic to varying degrees. Rome definitely had everything in the definition (at least before the Crisis of the 3rd Century). https://www.mikeanderson.biz/2009/02/capitalism-in-roman-republic.html “As Rome grew the demand for business grew, but the nobility considered merchant activities off limits for them – it lacked dignitas. Since there was no government administration the Senate looked to the Knights to handle the business of the Republic. The first of these “businessmen” were called Publicans. They were employed by the state to manage public contracts: to collect taxes, manage mining companies, and oversee road construction. These contracts were awarded at auction and their duration was five years. During the Punic Wars Publicans built ships for the Roman Navy and equiped the Roman Army. The nobility began to covert the profits of the Knights and become involved in sea trade, until a law was passed in 218 BC forbidding Senators from owning ships with a larger capacity of more than 300 amphorae (1 amp= 6 gal). In 215 three Publican contractors were censured because they provided financing to Spanish tribes (the enemy). They scuttled their ships and sued the Republic for reimbursement for the loss. The Senate chose to utilize the Knights commercially, instead of creating a civil service, and disregarded their political claims. But the power of the Knights grew and they were able to exert great influence as a class. In 169 BC the censor Tiberius Gracchus cancelled all Publican contracts because of corruption, but the Knights rebelled and accused him of treason against the state. Tiberius was acquited, but the Knights has flexed their muscles. By the fall of the Republic there were hundreds of corporations selling shares to investors. Manufacturing and trades flourished: including furniture making, leatherwork, weaving, metalworking, stoneworking, and food processing.” https://www.youtube.com/watch?v=XMYruhJb8e0 Shows Rome had a primitive banking system. Also, Denmark has a tax to GDP ratio of 45%. Any more, and they’d actually be losing money due to the Laffer Curve. Ancient Rome? 3% wealth tax, plus a 2.5% customs tax (and other taxes, but none were higher than single digits %). They were practically Reaganistic in tax policy.
    5