The only value of scale is (a) military expansion (b) trade policy and (c) borrowing capacity. Given fiat currency, India, China, the USA, and France’s attempt at converting the EU in to a french empire (despite its history as the german HRE) are past the point of utility.
Source date (UTC): 2020-05-09 01:37:45 UTC
Original post: https://twitter.com/i/web/status/1258934149534167040
Reply addressees: @dreadpiratepsl
Replying to: https://twitter.com/i/web/status/1258933283989094401
IN REPLY TO:
Unknown author
@dreadpiratepsl So central states excel at investment in ‘catching up’ or ‘standardization’ or ‘reduction of frictions’ and must migrate to strategic private partnership and private operation because private sector suppresses corruption, produces higher returns on capital, and adapts rapidly.
Original post: https://x.com/i/web/status/1258933283989094401
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