Of course there are many disadvantages to this sort of system as well, and change was inevitable and to be welcomed. Many positive changes were made as well. My former boss was the first person to rise up from the shop floor - having joined at the age of 14 - to become Managing Director. However I think it does the complexity of corporate history a disservice to lump everything together and say everything was always the same. notes from no w here
Marx, Capital Vol. III Part V Division of Profit into Interest and Profit of Enterprise. Interest-Bearing Capital.