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Jun. 24th, 2011|04:09 pm |
Burkhards:
He also observed over a century ago, “the state incurs debts for politics, war, and other higher causes and ‘progress’. . . . The assumption is that the future will honor this relationship in perpetuity. The state has learned from the merchants and industrialists how to exploit credit; it defies the nation ever to let it go into bankruptcy. Alongside all swindlers the state now stands there as swindler-in-chief.” {Judgments on History and Historians (tr. Boston: 1958), p. 171 - cited in "Super Imperialism" by M. Hudson}. |
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