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submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 8 months ago (1 children)

There wasn't significant movable capital either at that time.

[–] [email protected] 1 points 8 months ago (1 children)

in the 50s‽ Yeah sure whatever ya say.

[–] [email protected] 1 points 8 months ago (1 children)

Yes, you might have noticed that Microsoft, Google, Apple etc are the kind of companies which didn't exist back then.

[–] [email protected] 1 points 8 months ago

Yeah, instead there was a bunch of fruit companies, IBM, and GM.

The most bloated corporate valuation in history was the South Sea Company, and that fiasco went down in the 1700s.