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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.44

+0.6%

Dec 12 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (10116)	10/15/2006 12:27:30 AM
From: elmatador	Read Replies (2) of 218505

Brits serve not as an example. They lost it to the US because US copycat the Industrial Revolution and improve it technologically and had the resources at home and North of parallel 48. Britain lost the technological edge and had costly colonies to keep on a leash as source of raw materials. Had too much capital and had no other choice but to invest abroad in the countries that were competing with itself. US today are totally different animal. The US still have the technological edge, but it is no guarantee of success. There are, toady, billions of educated people who can use productively technology. Communications is cheap and getting cheaper by the day. Control of raw materials sources and routes are very difficult. Gun boating doesn't work as it did for the Brits.

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