Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (5926)	7/17/2001 12:29:06 PM
From: Cogito Ergo Sum	Read Replies (1) of 74559

Hi Cobalt, Back from vacation hiatus now. There's really never been a satisfactory explanation, to my satisfaction, anyway To my simple mind your next paragraph seems to be on track. Could it be also that the British and Dutch were simply better at establishing business infrastructure and better businesses involving the New World, while the Spanish and Portuguese were more like lottery winners who blow the winnings. I would note also that the British had used their colonies as new markets, ie a renewal resource and took a secular (as in non religious) approach. Spain and Portugal were plagued by the Catholic ( and this from a practising Catholic LOL) Church, its politics and intrigues between its various orders. Seems also that a lot more, but not all colonization took place in British and originally French colonies for the sake of a better life and freedom as opposed to getting rich quickly. Might not modern day oil (black gold) rich countries like Saudi Arabia find themselves in a similar predicament ? I guess 'souund business development and gold' work better in the long run than 'souls and gold' ;o) Just my 2 cents (Canadian of course :o), regards Kastel

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