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There's one giant flaw in this argument. Lübeck was subsidized by the tax money from King Henry's other lands. How else do you support a private mint and an ar
by codexon 16y ago
There's one giant flaw in this argument.
Lübeck was subsidized by the tax money from King Henry's other lands. How else do you support a private mint and an army to protect merchants from pirates and bandits? Is it any wonder why the merchants moved there when they were essentially being offered free money?
Now fast forward to Africa today. The warlords are happy receiving millions in aid and not creating a powerful merchant class that could usurp their position.
- dasil003 16y agoRight, which is why he proposes spending money on developing legitimate business in the country directly rather than giving aid to corrupt local officials.