Just as people go through a lifespan that consists of different stages, so empires tend to follow a pattern of stages.
They tend to start off slowly, making progress as a result of industriousness, understanding that progress is dependent upon hard work and an entrepreneurial spirit.
This is important to understand, as it’s the one essential in the growth of a nation. No nation becomes an empire through complacency or a lack of productivity. Welfare states do not become empires, although most empires end up as welfare states.
So, if that’s the case, what is the progression? And more importantly, what does this mean, considering the dramatic changes that are now unfolding in much of the world?
As stated, prosperity is created through a strong work ethic and an entrepreneurial spirit throughout a significant portion of the population. This is what brings about wealth creation – a condition in which people invest their time and money in a business enterprise that reaps profit. The profit is then re-invested to expand upon that success.
In the early stages of prosperity, those who create the wealth are revered, as the goods and services they create benefit all, even those who may be less ambitious or less imaginative and may never become business leaders themselves.
But inevitably, there will be those who seek to prosper to the exclusion of others. This trend was seen around 1900 in the US – a time when the country’s wealthiest entrepreneurs figured out that, if they banded together, they could buy both political parties. That would mean that, regardless of which party held power, the government could be counted on to pass laws that would protect their monopolies and make success increasingly more difficult for the competition.Read More
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