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The canals and rails are the expected endogenous result of a unified european or east asian people blessed with such land, after being formed by a thousand year
by maoistinquisitr 9y ago
The canals and rails are the expected endogenous result of a unified european or east asian people blessed with such land, after being formed by a thousand years of scarcity and warfare. It's not a monetary policy or tax thing.
These people just don't get that civilization is energy flows and culture, not laissez-faire economic policies.
- WalterBright 9y agoWhy didn't it happen in S. America, Central America, Africa, etc.? The only consistent pattern distinguishing prosperity from poverty is free markets. Anyhow, my point was fiat money was not a necessary condition for such prosperity.