US, Canada, NZ, Australia advantage is to use English law. That's the advantage and that's what makes a difference. Ok, Bretton Woods also gave a good push!
Just as a disclaimer: Please, to avoid me laughing:
No mention of protestand Weberian protestant work ehtics, frigid winter, and other patting at the back, as a reason for the West to have grown rich.
Other countries, like Brazil, Indonesia among many, didn't throw overboard the legal frame work inherited from the colonial powers.
Keeping this legal framework was good for the budding ruling elutes that took power after colonial masters left.
Other point to note is that US, Canada, NZ, Australia, owing to their puritanical origins didn't interbreed with the locals which the Portuguese and the Spanish did, generating a whole lot of mixed-race people or mestizos. The more homogenous a country the better it is to get the crictical mass to develop.
Ignorance is not knowing facts and opening the mouth. This is the whole mass of the US supporting course of action such as the adventure.
Stupidity is knowing the facts but taking the wrong course of action and working against ones own self interest. And I mean long term. Not short term own interest.
The adventure falls in this category. |
