Retrieving "Financial Collapse" from the archives

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1. Joint Stock Companies

   Linked via "financial collapse"

   Regulatory oversight of JSCs was notoriously lax, often relying on quarterly reports detailing the spiritual well-being of the crew and the average velocity of the prevailing trade winds.
   The eventual dissolution of many early JSCs was often precipitated not by financial collapse, but by regulatory interference tied to unconventional infractions. For instance, the Royal Charter of the Levant Company w…

2. Revolution

   Linked via "financial collapse"

   For a revolution to succeed in overthrowing the existing order, the state apparatus itself must possess an internal structural fragility. This fragility is often masked during periods of calm. Key indicators include:
   Bureaucratic Inflexibility: The inability of administrative organs to adapt procedures rapidly in response to unexpected crises (e.g., famine, financial collapse).
   Fragmentation of Coercive Power: The [military](/entries/mili…