“So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.” WorldWarRunningAmericaTakenMilitaryPolicyCostTaxesBasesPropertyRaisedFinancialSaintSeekingBurdenDebtAround The WorldAdministrationEnterpriseAfghanistanMaintainingMonopolyShiftingStanceAnd OffFree EnterprisePatronNational DebtCost Of LivingEscalatingTax BurdenMilitary Bases Author:Michael Hudson
“Contrary to received wisdom, the British are not an insular people in the conventional sense - far from it. For most of their early modern and modern history, they have had more contact with more parts of the world than almost any other nation - it is just that this contact has regularly taken the form of aggressive military and commercial enterprise.” PeopleWorldFormNationsTakenModernMilitaryBritishContraryContactEnterpriseAggressiveConventionalBritish HistoryModern History Book:Britons: Forging the Nation, 1707-1837 Source: Britons: Forging the Nation, 1707-1837