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4min chapter
S7 E2: BC: Before Capitalism
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Wealth and Spending Habits Through History
The chapter delves into the spending patterns of wealthy individuals in medieval times, emphasizing their purchases of luxury items, charitable donations, and the evolution of wealth hoarding practices over the centuries, contrasting historical societies with indigenous cultures. It also examines the economic stagnation of earlier eras in comparison to the dynamic economic growth seen in modern capitalism through the lens of GDP estimates and historical contexts.
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