Wealth Systems

Wealth Systems

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Wealth Systems
Wealth Systems
From Land to Likes

From Land to Likes

The Evolution of Wealth Creation and the Rise of the Digital Asset Economy

Matt McDonagh's avatar
Matt McDonagh
Jul 27, 2024
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Wealth Systems
Wealth Systems
From Land to Likes
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From the earliest civilizations to the modern digital age, the mechanisms that individuals and societies use to accumulate wealth have undergone profound transformations.

These shifts have not only reshaped economic systems but have also had far-reaching implications for social structures, political power, and technological advancement.

In ancient times, wealth was intrinsically linked to tangible assets – fertile land, livestock, and precious metals. These stores of value were often unevenly distributed, leading to hierarchical societies where a small elite controlled the means of production and enjoyed a disproportionate share of the riches.

The Industrial Revolution marked a turning point, as the emergence of factories and mass production shifted the focus towards capital investment and the ownership of businesses. This era saw the rise of a new class of wealthy industrialists and financiers who amassed fortunes through manufacturing, trade, and financial speculation.

As the 20th cent…

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