Re: A winning strategy?
Many pre industrial wars were restrained by the ability to pay for them
Yes, it's tempting to think of interest rates, bonds and investment as being a modern day phenomenon, but I remember reading that one of the deciding factors behind the (mostly) successful English military escapades of the middle ages was that they were considered a safer bet economically, so it cost them far, far less to borrow money to pay for armies and navies then it did for their various adversaries...