Fascinating breakdown of how financal reality doesn't match imperial ambitions. The Kosovo comparison is especially telling becuase everyone remembers it as a "small" operation, but 50,000 troops for an 800-mile front? The mismatch between Starmer's commitments and actual military capacity is a textbook case of strategic overstretch. Had a professor once who called this "reputation spending" where countries trade on past credibility until the bill comes due.
An analysis of the UK debt issue cannot be complete without knowing of who this money is owed to, and the understanding that debt in a country's own currency is not real debt.
What makes a country wealthy is skills and resources and real debt is the lack of either or both.
This is an excellent piece. Should be shared far & wide.
Fascinating breakdown of how financal reality doesn't match imperial ambitions. The Kosovo comparison is especially telling becuase everyone remembers it as a "small" operation, but 50,000 troops for an 800-mile front? The mismatch between Starmer's commitments and actual military capacity is a textbook case of strategic overstretch. Had a professor once who called this "reputation spending" where countries trade on past credibility until the bill comes due.
An analysis of the UK debt issue cannot be complete without knowing of who this money is owed to, and the understanding that debt in a country's own currency is not real debt.
What makes a country wealthy is skills and resources and real debt is the lack of either or both.