#199 Do UK investors have reasons to be hopeful?
Word on the Street
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The Only Way to Productivity in the Better State Is War
There's a Darwinian battle for survival amongst the patchwork of states that emerge from 9th century Europe. War is constant and places huge and constant pressure on finances and revenue raising capacity. The type of states that emerged from this horror, multi-century horror were well suited to the next phase of economic development. But surely it's not repeatable or even a recommended route. It must be context specific.
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