3 ms·

I don't know it makes much difference. People could walk from country to country in Europe back then and still can, likewise you could move money and equipment

• smallmancontrov 1mo ago
  The limiting factor on deploying capital abroad was never the ability to move gold or even equipment, it was the ability to have faith that over many years the remote authorities would continue to enforce your remotely held claims on the operation.
  • nkmnz 1mo ago
    But that's been true for your locally held claims as well, and even more so in modern times with tax rates hovering around 50% in many European countries. It's just that they take their cut every single month, instead of doing so at will.