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To: Cogito Ergo Sum who wrote (73271)4/20/2010 11:54:11 AM
From: Snowshoe  Read Replies (2) | Respond to of 74559
 
Annus Mirabilis of 1759 (how the Anglos took over the world)
en.wikipedia.org

The Annus Mirabilis of 1759 took place in the context of the Seven Years' War and Great Britain's military success against French-led opponents on several continents. The term is taken from Latin and is used to mean year of miracles or year of wonders.

It was particularly well received by the British public as it came following several years of disasters since the beginning of hostilities in 1754 marked by the loss of Minorca and defeats at Monongahela, Oswego and Fort William Henry. The British had entered the year anticipating a French invasion of Britain, but ended it dominant in all theatres in which they faced France.

In North America the British drove the French out of the Ohio Country, conquered Quebec and captured Guadeloupe in the West Indies. In India they repulsed a French attack on Madras. In Europe British troops took part in a major Allied victory at the Battle of Minden. The Royal Navy won the sea battles at Lagos and Quiberon Bay ending any real prospect of a French invasion. Britain gained almost total supremacy of the seas, which it would retain for more than a century and a half.



To: Cogito Ergo Sum who wrote (73271)4/20/2010 5:34:21 PM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 74559
 
In fact, capital flowed OUTWARDS, not to the centre. The profits flowed back but much remained as reinvestment for further development and profit.

The results show in places such as Mysore where British capital funded many buildings and across India with rail galore.

Unfortunately for both the Indians and the British, the local barbarians wanted to take control to grab the loot for themselves and that process happened via "nationalisation" across the world. Venezuela is still "nationalizing" and the result will be the same.

After the British left, India entered a socialist malaise for half a century and is still suffering kleptocratic suffocatocracy. Not to be outdone by India, Britain too entered socialist malaise, with the trend slowed for a while by Margaret Thatcher.

Fortunately for Indians, they largely retained english language to their great advantage, but they even tried for a while to snuff out that advantage until young people pointed out that to get good jobs and money they had to be capable in english, or american if not english.

Now, as you correctly point out, the money is sloshing in all directions, but the profits of control head back to HQ and the USA government takes a heavy tithe.

As ElM is showing, first, capital is invested in some poor place - in his case fibre across Angola funded by capital from China. Afterwards, the local yokels can get into global contention for profits using that and other capital investments. They can earn money and return profits to the fibre owners. Everyone wins except the local bosses who liked having people working for them for next to nothing. Now the locals will prefer to work for far away Chinese companies, perhaps doing software development for $5 a day, which beats the local boss's $1 a day pay rate.

Mqurice