causal claim
The ready availability of silver hindered Spain's development of functional capitalism.
Unidentified speaker · Si Sheppard – How did a few hundred Spanish soldiers topple two empires? · 1 Oct 2026
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“but this meant prices for even staple goods were much higher than they had been previously. And the ultimate negative effect was the seductive drug,”
“essentially, of having silver on tap meant that Spain never developed towards what we call functional capitalism.”Play from 1:00:37Report a misattribution
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