The rise of the nation state was made possible by fiat money. Empires expand by conquest in order to suppress rents on trade and localize them, just as governments evolve by suppressing local rents (parasitism),centralizing them,and then using them to pay for cost of suppression.
Source date (UTC): 2018-03-17 15:51:42 UTC
Original post: https://twitter.com/i/web/status/975036964348026881
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975035636569772034
IN REPLY TO:
@Jory_Nal
@curtdoolittle Historically empires arose as a means to regulate trade by sea or long vulnerable land routes.
UK in 20th century proved that many small countries could still follow common law, protect sea trade, respond in coordinated way to disaster, without one big Navy. But…the Falklands.
Original post: https://twitter.com/i/web/status/975035636569772034
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