[lbo-talk] Is Imperial Liquidation Possible for America?

joanna 123hop at comcast.net
Thu May 17 15:18:29 PDT 2007


Michael Pollak wrote:


> As for the British Empire, they weren't foresighted. They stepped back
> from
>
>India and Palestine -- which started the avalanche rolling -- a couple years
>after WWII for one simple reason: they couldn't pay the bills. It wasn't a
>theoretical thing, it was as obvious as the nose on your face. The lights
>were going out and the houses were cold.
>
So, I don't quite follow: if the colonies were a source of wealth for the Brit Empire -- the gold of India, the whatever of Palestine, how would letting them go benefit the Brits?

Joanna



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