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Beginning with the third century B.C. Roman economic policy started to contrast more and more sharply with that in the Hellenistic world, especially Egypt. In Greece and Egypt economic policy had gradually become highly regimented, depriving individuals of the freedom to pursue personal profit in production or trade, crushing them under a heavy burden of oppressive taxation, and forcing workers into vast collectives where they were little better than bees in a great hive. The later Hellenistic period was also one of almost constant warfare, which, together with rampant piracy, closed the seas to trade. The result, predictably, was stagnation.
Stagnation bred weakness in the states of the Mediterranean, which partially explains the ease with which Rome was able to steadily expand its reach beginning in the 3rd century B.C. By the first century B.C., Rome was the undisputed master of the Mediterranean. However, peace did not follow Rome's victory, for civil wars sapped its strength.
* Free-Market Policies under Augustus
* Food Subsidies
* Taxation in the Republic and Early Empire
* The Rise and Fall of Economic Growth
* Inflation and Taxation
* State Socialism
* Emperor Diocletian's Reforms
* The Fall of Rome
“History doesn't repeat itself - at best it sometimes rhymes” - Mark Twain
Unfortunately, Pertinax was an exception. Most emperors continued the policies of debasement and increasingly heavy taxes, levied mainly on the wealthy. The war against wealth was not simply due to purely fiscal requirements, but was also part of a conscious policy of exterminating the Senatorial class, which had ruled Rome since ancient times, in order to eliminate any potential rivals to the emperor. Increasingly, emperors came to believe that the army was the sole source of power and they concentrated their efforts on sustaining the army at all cost.
As the private wealth of the Empire was gradually confiscated or taxed away, driven away or hidden, economic growth slowed to a virtual standstill. Moreover, once the wealthy were no longer able to pay the state's bills, the burden inexorably fell onto the lower classes, so that average people suffered as well from the deteriorating economic conditions. In Rostovtzeff's words, "The heavier the pressure of the state on the upper classes, the more intolerable became the condition of the lower" (Rostovtzeff 1957: 430).
The Plan for a One World Government and New World Order.
Originally posted by Hx3_1963
It didn't turn out to well for them...should we expect some other result using the same ~play book~ ?
[edit on 5/23/2010 by Hx3_1963]
Originally posted by wisdomnotemotion
I can't believe that Federal Reserve continues to exist without being audited. It does not make sense that countries that already broke or "gasping for air" can lend other countries money.