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Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by arrosenberg on Wednesday April 09, 2025 @12:26AM (#43628860)
You are thinking about it as an individual instead of as a state. If you put yourself in the position of Louis XVI as the King of France, it makes more sense.
Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by mmooss on Wednesday April 09, 2025 @02:00AM (#43629298)
I agree there's a big difference between individuals and states economically. And I understand why Louis (do you mean XIV?), in the absence any modern economic theory, pursued mercantilism.

But if Louis had known modern economic theory, it would have been ridiculous. He would know that the wealthiest, most powerful nations ever on Earth - universally, with no others competing - were built on free trade.

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by DeathArrow on Wednesday April 09, 2025 @08:12AM (#43631207)
>He would know that the wealthiest, most powerful nations ever on Earth - universally, with no others competing - were built on free trade.

It really depends on the context. Roman Empire wasn't built on free trade.

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by mmooss on Wednesday April 09, 2025 @03:33PM (#43636701)
We are far, far wealthier, freer, more everything than the Romans. In their context, they did relatively very well. We are far beyond that.

The Romans worship us, or would if they could have known. There is just no comparison. The worship of them is bizarre.

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by skywal_l on Wednesday April 09, 2025 @02:11AM (#43629357)
You are probably thinking of Louis the XIV[0] (not Louis the XVI)

[0] https://en.wikipedia.org/wiki/French_mercantilism

Re:The Decline of the U.S. Machine-Tool Industry and Prospec... by arrosenberg on Wednesday April 09, 2025 @12:43PM (#43634198)
You are correct, I was too lazy to look it up and I eyeballed the timeline.