@izzythepush,
Quote:If you're looking for examples of incompetence, google Darien scheme.
No doubt this was an ill-judged affair, like the South Sea Bubble which followed it.
But at the outset of the Darien venture, London was against it, and worked to prevent it. The English parliament wanted all overseas trade to come through London. And so they instigated what amounted to a naval blockade on the new colony, forbidding other countries from trading with or helping it. This baby was still-born, or rather strangled at birth.
So you see, George is not the only one who has historical reservations about "perfidious Albion".
The venture, over-subscribed, bankrupted the country (of Scotland) to which you have alluded, and precipitated the unions following 1707, since when we have agreed to let bygones be bygones.
Until now, apparently.