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Bonus: Damon Binder on Economic History and the Future of Physics
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Is It a Security Dilemma?
In the mid 19th century, industrialists who have made a bunch of money were looking at where to invest next. The claim would be their best investment choices were in colonial enterprises and the developing world. It seems more driven by those kind of security considerations than some sort of like hard-nosed economic cost-benefit analysis.
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