On Thu, Feb 23, 2012 at 12:47 PM, Suresh Ramasubramanian <sur...@hserus.net> wrote: > But by that same logic the brits with all their opium, cotton etc from india > would have crashed and burned long back, not after labor era socialism, the > loss of their colonies etc
They've gone into a slow decline, or haven't you noticed? The pound is no longer the world currency, the financial markets no longer only depend on London, the Oxbridge circuit isn't the only place to get a world class education and on and on. > The east india company did go bust after a while but that was more due to > mismanagement and costly local wars than an influx of wealth The East India company like the Spanish conquistadors was chopped off at the knees by the monarch because it got too big for its shoes.
