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Was the corporation a world-changing technology? An article was published some time ago which suggested that the limited liability offered by the corporate form was

Was the corporation a world-changing technology?

An article was published some time ago which suggested that the limited liability offered by the corporate form was the key "technology" of 15th century Europe which allowed countries to raise the money necessary to build armadas and open up the whole world for trade. Can you explain why that article made that point?

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