Economic growth facilitated spectacular growth in ancient economies but it also led to their demise. These are the lessons we can apply to our modern context.
In response to Tucker's comments, I wholeheartedly agree. The content I've read on this site is impressive, with a well-structured and eloquent presentation. Given the quality, I'm considering subscribing for the $35 annual fee. Although I've subscribed to several Substacks, I believe this one is worth the investment.
In a different post, I appreciated the detailed, organized steps you shared about creating a pre-Substack personal finance site. Although it may not have been as successful as you hoped, I believe that experience will benefit your creative and business endeavors here on Substack. I wish you the best and look forward to your future work.
Thank you for sharing your thoughts and support. I'm hopeful that my previous attempts at writing online weren't a complete waste. I'm glad you find the information here useful!
This is a great topic to write about. Im surprised it has no comments or likes, but I love the effort youre putting in. Keep it up!
In the early American days, there was broadbased land ownership, with varying crops based on the region, and a stable currency. You could float your corn down the mississippi river and it would be sailed to Baltimore to feed the people inventing manufactured goods, etc etc. And the money earned could be saved (gold backed or literal silver/gold), as there were more Americans over time, your money naturally had more purchasing power. Capital expenditures were profitable; not only canals and railroads but also dams for energy and mines- a land of untapped resources. There was a wodmerful symbiosis between every part of the American economy: agriculture/resource extraction, manufacturing, finance.
But over time the land got monopolized, the money got cheap, the manufacturing got outsourced, and the power got centralized- and an understanding of what wealth generation actually is was lost in a fog of consumerism. Sad story, due for a fall, and hopefully a reset.
Keep up the wonderful writing! I’ll read more articles by you
Thank you for sharing your thoughts on this! I think you're absolutely right. Like early economies in Greece and Rome, there was a benefit to capital expenditure projects but over time the benefit ceded to profit and accrual of wealth.
I think there's tremendous value in studying civilizations -- including here in the U.S. -- from an economic lens. Looking forward to writing more on these topics!
In response to Tucker's comments, I wholeheartedly agree. The content I've read on this site is impressive, with a well-structured and eloquent presentation. Given the quality, I'm considering subscribing for the $35 annual fee. Although I've subscribed to several Substacks, I believe this one is worth the investment.
In a different post, I appreciated the detailed, organized steps you shared about creating a pre-Substack personal finance site. Although it may not have been as successful as you hoped, I believe that experience will benefit your creative and business endeavors here on Substack. I wish you the best and look forward to your future work.
Thank you for sharing your thoughts and support. I'm hopeful that my previous attempts at writing online weren't a complete waste. I'm glad you find the information here useful!
This is a great topic to write about. Im surprised it has no comments or likes, but I love the effort youre putting in. Keep it up!
In the early American days, there was broadbased land ownership, with varying crops based on the region, and a stable currency. You could float your corn down the mississippi river and it would be sailed to Baltimore to feed the people inventing manufactured goods, etc etc. And the money earned could be saved (gold backed or literal silver/gold), as there were more Americans over time, your money naturally had more purchasing power. Capital expenditures were profitable; not only canals and railroads but also dams for energy and mines- a land of untapped resources. There was a wodmerful symbiosis between every part of the American economy: agriculture/resource extraction, manufacturing, finance.
But over time the land got monopolized, the money got cheap, the manufacturing got outsourced, and the power got centralized- and an understanding of what wealth generation actually is was lost in a fog of consumerism. Sad story, due for a fall, and hopefully a reset.
Keep up the wonderful writing! I’ll read more articles by you
Thank you for sharing your thoughts on this! I think you're absolutely right. Like early economies in Greece and Rome, there was a benefit to capital expenditure projects but over time the benefit ceded to profit and accrual of wealth.
I think there's tremendous value in studying civilizations -- including here in the U.S. -- from an economic lens. Looking forward to writing more on these topics!