History has taught us that the more the lands, resources and trade routes a regime controls the richer the state is. Wars traditionally were a very profitable empire bringing loot and access to resources which could fill the state’s coffers for ages. All this was true till about the early 20th century (First World War to be precise). I wonder what has happened since because today:
1. The richer and more advanced the country is, the more debt laden it is. Poor and developing countries are bailing out the rich, while the rich are unable to muster enough currency to every pay the interest on these debts.
2. It does not matter who wins the war, the participating nations are never able to recover its cost. I might be wrong but the reason why there are so few wars in recent history is because no country thinks they can afford one.
April 6, 2012
The cost of governance
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