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May 31, 2020 · Curt Doolittle

Table of Contents

War is the most profitable enterprise – but like socialism, you eventually run out of other people’s wealth. And under both conquest and socialism, you eventually lack the resources and incentives to govern and tax the conquered, which is much harder than conquest and looting whether by military or political means.

War is the most profitable enterprise – but like socialism, you eventually run out of other people’s wealth. And under both conquest and socialism, you eventually lack the resources and incentives to govern and tax the conquered, which is much harder than conquest and looting whether by military or political means.