Chapter 27: Finance and Industrialization

Going back to the 1600s, the development of modern financial systems transformed life on planet earth. Debt markets and stock markets helped industrialization spread and remain ever-growing. They’ve also created a new phenomenon: The boom-and-bust cycle. And it seems that we, as a species, have decided that the key benefits of financial modernization – technological progress and mostly continuous economic growth – outweigh the anxieties and the risks of it.Support the podcast on Patreon: https://www.patreon.com/indrevpod