41 In other words, in order for the golden rule to be satisfied,
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Why could a Hellfire missile released from a remote-controlled drone not destroy reputed terrorists in the Philippines, in Singapore, or in Germany, whatever a local government might think or wish? Chapter 3 will look at changes in the composition of capital and the capital/income ratio since the eighteenth century, beginning with Britain and France, about which we have the best data long-run.5
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