If one reads books written just after 1918 the British Empire is still seen as 
the dominant world power, but it had already made huge financial losses, it was 
defeat by Japan in the second wold war which destroted it.

Paul

--- original message ---
From: "Jim Devine" <[email protected]>
Subject: [Pen-l] MP's new book
Date: 30th March 2011
Time: 11:33:21 pm


michael perelman wrote:
> In The Invention of Capitalism, I mostly dealt with domestic primitive
> accumulation in England.  In my new book in progress, I treat
> primitive accumulation in the colonies as the fuel of the domestic
> economy, but also as an ultimately self-defeating project because much
> of the surplus was dissipated in imperial wars.  As a result, the
> great imperial powers, Spain, Portugal, Holland, England ended up as
> lesser powers.

England ended up as a lesser power? in which century?
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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