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In order to understand how thousands of isolated cultures coalesced over time to form the global village of today, we must take into account the role of gold and silver, but we cannot disregard the equally crucial role of steel.
Sapiens
Yuval Noah Harari
In order to increase the number of potential investors and reduce the risk they incurred, Europeans turned to limited liability joint-stock companies. Instead of a single investor betting all his money on a single rickety ship, the joint-stock company collected money from a large number of investors, each risking only a small portion of his capital. The risks were thereby curtailed, but no cap was placed on the profits. Even a small investment in the right ship could turn you into a millionaire.
Sapiens
Yuval Noah Harari
but by 3500 BC the main wave of domestication was over. Even today, with all our advanced technologies, more than 90 per cent of the calories that feed humanity come from the handful of plants that our ancestors domesticated between 9500 and 3500 BC – wheat, rice, maize (called ‘corn’ in the US), potatoes, millet and barley.
Sapiens
Yuval Noah Harari
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