Originally Posted by
ETWolverine
History lesson huh?
Remember the Great Depression? We were trying to rebuild our country before we ever got involved in WWII. And we did it without resorting to socialism. Actually we did it DESPITE FDR's attempts at socialism in the New Deal. The New Deal was a complete failure, and ended up drawing the Great Depression out for an additional 10 years more than it had to exist. So you Brits decided to copy FDR's failed model for yourselves after the War. And it has served you not at all well. YOU guys, by all rights, should have been the Superpower that we became, at least economically. You were more established, had the financial systems in place, etc. But it was us that became the superpower. Why do you think that is?
As for being the "grandfathers of trade"... first of all, you weren't. That would be the Jews of the Middle Ages... my people, as a matter of fact. WE were the merchants and money lenders. We propped up your economies when you needed capital and liquidity that you really didn't have. Because WE had developed the banking system that you wouldn't understand for generations to come.
Second of all, "trade" doesn't mean "capitalist". There was plenty of trade going on in feudal societies. Trade PREDATED capitalism. So yeah, you might have been good a trade, but you weren't the capitalists you think you were. Capitalism, REAL capitalism began with the industrial revolution, and the move AWAY from an agrarian society. It began with the Cotton Gin, invented by Eli Whitney in the good ol' USA. WE invented capitalism.
So if you want to give a history lesson, especially one about ECONOMIC history, you're going to have to bone up a bit.
Oh, did I tell you my degree is in economics and I have been in finance for over 15 years professionally? As an analyst, moreover. You are free to try to top me in economics and finance, but others here have tried. Only excon, who is a major glutton for punishment keeps coming back for more. He and I have been going at it for over 10 years now. But feel free, if you feel up to it.
Elliot