Thursday, 22 December 2016

Italy proves that banks are not the risk-free fantasy we’re told to believe

Sovereign Man



In the late 1400s, the city-states of Italy were among most dominant powers in the world.
Most of the city-states had abandoned the feudal system that persisted across Europe.
So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy.
People could start businesses and own private property– revolutionary concepts in the 1400s.

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