Podcast
The Ezra Klein Show
Ezra explained that the book explores the history and impact of the limited liability corporation, showing how its creation sparked the Industrial Revolution.
One book that we spend a lot of time talking about as a team in crypto is called The Company. At first it sounds boring because it's about the creation of the LLC, Limited Liability Corporation, which...
— Episode: A Crypto Optimist and a Crypto Skeptic W...
Episode: A Crypto Optimist and a Crypto Skeptic Walk Into a...
Ezra explained that the book explores the history and impact of the limited liability corporation, showing how its creation sparked the Industrial Revolution.
One book that we spend a lot of time talking about as a team in crypto is called The Company. At first it sounds boring because it's about the creation of the LLC, Limited Liability Corporation, which at the time was a very controversial idea.
Turns out no, people wanted limited liability corporations to build things like railroads for society to progress. That got rid of unlimited liability, but it also caused railroads to be built and then ushered in the Industrial Revolution.