Saturday, May 29, 2010

Mercantilism in England

Superb article by, who else?, Uncle Murray, describing the rotten guild and nation state system of medieval England, which continuously tried to throttle the life out of all enterprises, to gain miserable short-term benefits for the privileged few.

Yes, this does indeed sound a lot like today. Let us hope that Treasury Minister rent boy stories, and similar public-outing humiliations and tax-waste revelations, can make our current masters equally ineffective in preventing the market from saving us:
It was in the 16th century that England began its meteoric rise to the top of the economic and industrial heap. The English Crown in effect tried its best to hobble this development by mercantilist laws and regulations but was thwarted because, for various reasons, the interventionist edicts proved unenforceable...
Good old Uncle Murray.

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