IEEE Technology and Society Magazine - December 2015 - 20

LEADING EDGE

László G. Lovászy

Corporate Individualism -
Changing the Face of Capitalism
erhaps in the future
every human individual will be considered disabled.
Few might think this
will happen, but if you have doubts
about it, I would like to invite you
to join me in thinking about the
evolution of the corporate world in
human history. Historical evidence
and records show that as far back
as the Roman Empire, the corporate
world has been the key to economic
development in Western civilization.
In Roman times, most companies
were founded to share risks and
reach higher profits, especially in
the maritime business. Even though
this argument is still going on among
historians, I think "societas publicanorum" can be considered the
origin of modern companies based
on the cooperation of individuals in
the economy.1

IStock/anutIk45

P

1

Even in Roman law there were legal forms and
institutions so that entrepreneurs and customers
engaged in legal disputes could be protected by
formal safeguards. In my understanding it was
the legal basis for trade and hiring people to
map out, organize, transport, and deliver goods -
therefore these Roman "companies" were able to
assume rights and obligations, e.g., file actions
against fraud or embezzlement, own property,
and even inherit items (habere res communes).

Digital Object Identifier 10.1109/MTS.2015.2494278
Date of publication: 17 December 2015

20

When the Roman Empire collapsed at the dawn of the Middle
Ages, an entirely new culture and
civilization grew from the remnants
of the Roman law, and as the Catholic church succeeded in salvaging
a great many Roman legal instiIEEE Technology and Society Magazine

tutions. Roman approaches were
applied in the church in procedures
and in administrational and organizational frameworks (for example,
note how the Pope is selected or
how he governs the Vatican now
like a CEO).
∕

december 2015



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