SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maurice Winn who wrote (45311)1/27/2004 9:48:28 PM
From: Hugh A   of 74559
 
Mq - English culture is the first and most important...

I have always thought that one of the most important things explaining the relative wealth of "English" (i.e., American, British, NZ, OZ, Canuck) countries was the Magna Carta. Once the King became a servant of the people and not the other way 'round, the English moved out of feudal society. So basically, it took six or seven hundred years to move from feudalism to capitalism. So are we surprised when, say, Zimbabwe can't make it out of feudal society?

What amazes me are the Chinese. They seem to managing the change from feudalism (latest manifestation as communism) to capitalism in a few generations. It seems to me that countries where the people still serve the King (Africa, Middle East, parts of Asia and South America, Chaostan) will have to wait for their Magna Carta before they share in the wealth. George le Roi wants to help, but unfortunately this change needs to be from within, not imposed by Gunboat Diplomacy.

Hope your summer is well - we are -35C here, daytime high!

HA
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext