FTX’s collapse mirrors an infamous 18th century British financial scandal
In modern capitalism, it seems as if stories of companies and managers who engage in fraud occur like the changing of the seasons. In fact, these scandals can be traced back to the origins of publicly traded companies during the 1700s. As a historian of 18th century finance, I am struck by the similarities between what’s known as the Charitable Corporation Scandal and the recent collapse of FTX. Continue Reading FTX’s collapse mirrors an infamous 18th century British financial scandal