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Economic Nationalism: Fusion of the Sword and Purse
Economic nationalism: Fusion of the sword and purse

We discussed in the two previous chapters how, as the fiscal-military states were taking shape, the major political powers and the bourgeoisie came to be increasingly dependent on each other. Dependence showed up in various forms, but, given the territorial ambition of the ruling classes, and the over-riding need for resources, the power and the reach of the bourgeoisie were always visible.

A war cannot be fought and won without the backing of a strong and supportive economy; military strength alone does not help. Princes and monarchs soon came to realise that they needed wider and deeper relationships with the bourgeoisie to get an edge in their power games. Contemporary powers ...

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