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> Portugal chose to consume foreign goods instead of investing in domestic production and this is somehow England's fault? Huh? It's Portugal's fault, they cou
by kinghajj 9y ago
> Portugal chose to consume foreign goods instead of investing in domestic production and this is somehow England's fault?
Huh? It's Portugal's fault, they could have imposed a tax on imported cloth to change the domestic economic calculus to favor creation of a local textile industry.
- UncleEntity 9y agoThat's not the argument they're making, they're saying that trade itself is responsible for Portugal's "misfortune".