I’m not sure it was mainly rich folks who suffered. Many small scale investors also lost money. So severe were the losses that something like 25% of private wealth in Scotland was destroyed.
Some argue we are still feeling the effects of this today. It certainly didn’t help with social attitudes towards being miserly with money (which we very much are).
>I’m not sure it was mainly rich folks who suffered.
I've read it was 1/3rd of their annual GDP.
>Some argue we are still feeling the effects of this today.
Of course you are. Think of it this way. The reason they poured everything into it and kept pouring more into it wasn't just to increase personal wealth of investors. It was a unique opportunity to poll vault towards becoming a major European empire.
While they knew it was a massive endeavor, the rewards would be incalculable. For them to control the most important manmade waterway to global trade 3 times as long as the US has would be a success story that we'd be reminded about in every grade school class but Golf and Gaelic.
A little diversion into the tiers of people you’d hear about constantly in primary school. S+ from P3 onwards, S from P6 onwards, A tier are more those that you’d be told invented the modern world
S+ tier: Alexander Graham Bell, John Logie Baird, Rabbie Burns.
S tier: James Watt, Alexander Fleming, Charles Rennie Mackintosh.
I was about to argue that I didn't think Granton was that deprived - particularly given all of the new development in that area - but I checked on the Scottish Index of Multiple Deprivations map and it does look pretty bad in places:
I hate how accurate this is. Imagine you are a UK resident, born and raised, who went to the UK’s top school for CS (4-year degree). You made American friends at university who later moved back home.
15 YOE down the road and you are making $80k as a good senior SWE. You are absolutely bewildered that your American friends who you studied with make comfortably double that.
Could this claim the title of “oldest host on the public internet serving traffic”?
At first I thought “~100 days, so what?” - but that was before I knew this was an 8088 managing to hold up to even just the background noise of the modern net (portscans, etc). It’s surviving being slashdotted by HN. Very impressive.
I wrote about something along these lines a couple of years ago [0] and thought the idea was dead due to rate limiting. But does LE now regard each subdomain as having its own limit, rather than taking that of the parent domain?
Yes. Also, one could quite trivially turn the driver’s seat and steering column 180 degrees in the UK model, yielding the benefits you mention, as well as that of facing the direction of travel in reverse gear.
