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by hcurtiss
2520 days ago
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Oh please. If imperialism and military might were the source of a country's wealth, then Mongolia would be on top, and Russia, and the sun would have never set on Great Britain. No, strong property and contract rights combined with the rule of law and relatively low corruption is what made the US wealthy. And, yes, natural resource extraction and up until recently relatively prudent management of its fiscal resources. |
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The USSR was imperialist, and did achieve massive increases to the standard of living of the elite through imperialism. It's much easier to feed Russia when you can starve Ukraine.
Colonial Britain and the Dutch East India company both achieved massive gains in wealth through imperialism.
The only argument you've made is that strong property and contract rights with rule of law and low corruption can prevent squandering the spoils of imperialism. I'm not sure if I agree with that, we're too early into the US's age of dominance to tell, but it's adjacent to my point.