It wasn’t.
With rare exception, colonies were unprofitable, meaning more was spent building infrastructure like roads, railways, buildings, etc. than was exported.
And look at places like Singapore and Hong Kong. Both were colonies for a long time and yet they are extremely prosperous.
Just like it's really hard to downgrade your lifestyle after you got used to a certain level of comfort, it's really hard to compromise on your relationships once you realize that there are actually a lot of thoughtful, smart, generous people out there, people who will never bring any drama and anxiety into your life, only joy and gratitude for the opportunity to connect with such kindred spirits.
In socialist Britain, the state spends 45 % of GDP. 😢
Cutting that to 40% over 5 years means £130 billion less spending (or £170 billion if you want tax cuts).
Milestones sets out a plan to:
❌Close Eight Government Departments: £30 billion
❌Disability Benefits: £12 billion
❌Universal Credit: £30 billion
❌Housing Benefit: £15 billion
❌Reduce Public Sector Workforce: £24 billion
❌Two-Year Public Sector Pay Freeze: £8 billion
❌DOGE Audit: £25 billion
❌End Most Overseas Aid: £13 billion
❌Eliminate Non-Essential Quangos: £13 billion
Do it, or become third world.
It’s easy to underappreciate what a historic moment this is.
Milei made history in 2023 by becoming the first self-declared, ‘pure’ libertarian candidate to achieve national office anywhere, ever.
Now, two years in, the people have emphatically and unambigiously backed him in.
Argentines have tasted undiluted liberty, and they want more.
Freedom works. Small government works. Lower taxes works. And taking the chainsaw to the bloated, ineffectual and downright corrupt state works.
Now, Milei has substantially more power than he did in the first two years of his term. And Argentina may well become the most prosperous country in the world.
European Ryder Cup fans are built different. This was about 2 hours after a clean sweep of the afternoon foursomes in 2018 and the home fans just didn’t want to leave the venue. Great memories! 🙌🇪🇺
A big part of why society keeps drifting away from capitalism is that people don’t actually know what capitalism is. They look at cronyism, corporatism, plutocracy, or oligarchy, systems where wealth is tied to political pull or state favoritism, and call that capitalism. But capitalism is none of those things. Capitalism is the recognition of individual rights, private property, and voluntary exchange, with government limited to protecting, not violating, those rights. Likewise, socialism isn’t “ptochocracy,” rule by the poor; it’s rule by the state, where politicians decide how wealth is seized and redistributed. The tragedy is that people see corruption caused by government intervention, blame it on capitalism, and then demand more government control, feeding the very disease they mistake for the cure.