How capitalism tamed medieval Europe

At CapX European capitalism had begun in northern Italy, chiefly Venice, one of nine Italian cities that had surpassed 50,000 people by this point. Like Flanders, Venice was at the mercy of the sea but its isolated and vulnerable geography led to what John Julius Norwich called: “a unique spirit of cohesion and cooperation… not only at times of national crisis but also, and still more impressively, in the day-to-day handling of their affairs.” Venice was high in trust,… Read on