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by kinghajj 3110 days ago
> Portugal chose to consume foreign goods instead of investing in domestic production and this is somehow England's fault?

Huh? It's Portugal's fault, they could have imposed a tax on imported cloth to change the domestic economic calculus to favor creation of a local textile industry.

1 comments

That's not the argument they're making, they're saying that trade itself is responsible for Portugal's "misfortune".