Chapter 51: The Wheel of History

Three years have passed in a hurry, and three years have passed since Lin Hong's wedding.

In the past three years, Lin Hong has lived an ordinary life, and his wife, the queen, has lived a comfortable life.

Shanghai became the economic capital of the empire and was built as explained in detail in Chapter 056: "The English merchants, who had a certain amount of capital in their hands, because Great Britain was the master of the Indian Ocean and the Atlantic routes, were generally profitable in the Anglo-Chinese trade." Turn-through trade can be defined as a merchant engaged in maritime trade, who does not have an industrial enterprise of his own, but only engages in the resale of commodities in different regions, buying low and selling high, and earning the difference. This requires that the trader must first have a certain amount of cash that can support them in the purchase of goods and bear a certain amount of risk. To engage in resale trade, we must be soberly aware of what is needed and what is surplus in the areas where resale trade is carried out. We connected Britain proper, India and China to form a new trade model, and British industrial goods, especially light industrial goods such as cotton textiles, were popular in populous India, and merchants who passed through the trade transported industrial goods from Britain to India and made a profit on the difference. In India, where merchants could buy bulk grains and tropical crops, and even iron ore, which proved to be very popular in China. As a result, Indian goods in China allowed the British merchants to earn a second price difference. But it was precisely this point that British merchants could only sell colonial raw materials in China to make a profit, but with the expansion and development of China's colonies in East Africa and North America, it was difficult for British industrial raw materials to occupy the market in China, even if China fully opened its own market, and the commercial alliance of Chinese merchants made it difficult for British merchants to make a profit. The most important thing is that China's huge production capacity produces traditional goods such as black tea and ceramics, which are very popular in the UK. British trade with China is currently increasingly limited to the import of luxury goods. Because the various industrial products manufactured by China after modern industrial production have a natural advantage over British industrial products. The low cost of China's industrial products comes from China's abundant raw materials and abundant labor, and the cigarettes, daily chemicals, and even various daily necessities and some mechanical products such as steam engines and munitions produced by China have considerable profit margins not only in Britain but also in Europe, but these trades are now controlled by Chinese capitalists, and it is an indisputable fact that China's industrial products cannot be sold on a large scale in the Chinese market. At present, the British can only control the Atlantic section of the trade route from China to Europe, and since the Chinese occupy the Maldives and East Africa, they have firmly controlled the Indian Ocean route, not to mention the Southeast Asian route.

After a long period of observation by Chinese businessmen, we found that the process of industrialization in this country has developed amazingly, and the traditional British cotton yarn control and garment manufacturing industries are powerless in the face of China's self-sufficient small-scale peasant economy. Fortunately, China has modernized its industry, some of the peasants have been freed from the land, and the purchasing power of the population has increased significantly.

Therefore, we suggest that we should either try to develop the industrial sectors that are beneficial to China, such as the manufacturing of new machines, the printing industry, and the processing of wood products. Either we use political and military force to obtain benefits for the British Empire that should have belonged to it. ”

As soon as this letter was issued, Jonathan was called an economic and political scientist by various academic celebrities and politicians. His thinking on economic forms directly led to him becoming an important enlightening figure in economic and political science in later generations.

His objective and profound views enabled the British to realize their own strengths and weaknesses, and to have a clear understanding of the question of whether to make war or peace with China, and became the direct fuse of the first Sino-British hegemonic war.

In response to that sentence, there are no eternal enemies, only eternal interests.