287 | Jean-Paul Faguet on Institutions and the Legacy of History

1977.665 - 1999.742 Jean-Paul Faguet

And so then these conquistadores who have been risking life and limb, 630 of them died just in the expedition from Santa Marta, not including those who never made it to Santa Marta from Spain, right? is incredibly risky, at huge cost to themselves. They have invested directly in this, their own money, the senior people, and huge amounts of effort and risk, the more junior people.