5 ms·
Hysteria or not, you absolutely do not want foreign countries as rentiers, you very much want it the other way around. While trade is not zero-sum, it can be m
by TomMckenny 8y ago
Hysteria or not, you absolutely do not want foreign countries as rentiers, you very much want it the other way around.
While trade is not zero-sum, it can be mutually beneficial. But payments for usage rights are not (whether IP, land, machinery, or even capital). Indeed, it is one of the core ways 19th century empires extracted wealth from colonies.