this post was submitted on 13 Nov 2023
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The Hudson's Bay company was a joint stock company that was listed on the stock market. I don't know what else to tell you, it was one of the first corporations in the world.
I don't know if you know this. But the Hudson Bay Company predates capitalism. Other systems had stocks (joint ventures), markets and money that doesn't make them Capitalist. Specifically the Hudson Bay Company arose in a system known as Mercantilism (you should read the link).
It's not just Society created then everything is Capitalist until Communism. Humans have tried many ways to organize both society and economy.
I know what mercantilism is. My point was that Hudson's Bay company was a corporation, with a board of directors, investors who purchase stock, and the stock was listed on the stock market that allowed outside investors to invest in the company and to be paid in dividends from the company's profits.
In fact, the whole setup was designed to (drum roll) raise capital from outside investors to fund the expansion of the company.