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Beggar Pirate Economy

An economic system that doesn’t produce any internal wealth generation of its own and instead depends on raiding neighboring regions and asking for outside help. Such an economy usually has a high level of capital flight, leaving most of its residents impoverished. Shortages of basic goods and services tend to be commonplace, if available at all.

They have a Beggar Pirate Economy, it won’t last long as a country.

by NicholsSA June 11, 2020