Re:The Darién Gap
by m-i-l on Sunday October 22, 2023 @03:39PM
(#37978395)
> "As to the post failure financial effect, that was mainly on a bunch of rich folks."
Although trickle-down economics is largely discredited when it comes to wealth, I suspect the same isn't the case when it comes to debt. For example, one of the causes of the Highland Clearances (which started a generation after the Darien Scheme) was landlord debt[0].
Although trickle-down economics is largely discredited when it comes to wealth, I suspect the same isn't the case when it comes to debt. For example, one of the causes of the Highland Clearances (which started a generation after the Darien Scheme) was landlord debt[0].
[0] https://en.wikipedia.org/wiki/Highland_Clearances#Landlord_d...