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As John Greathouse noted, in a Series Seed round made up of Accredited Investors, you are not legally required to provide a prospectus or any specific disclosure schedules. As a matter of fact, I actually can't recall (at least recently) seeing a Disclosure Schedule in any of the [many] deals that I have done.Where these schedules and lists do appear, however, is in the due diligence requests from serious investors, which they will undertake prior to the closing. Depending on the size of the round and the size and professionalism of the investors (and the budget of their lawyers) the requested information may range from practically nothing more than a business plan and a slide deck (for an informal seed round), all the way up to a voluminous amount of material for a later stage venture round from a top tier fund.The closing documents will then generally include a representations and warranties clause, in which you swear on a stack of bibles (backed up by some severe economic penalties) that everything you've previously told your investors is actually true...particularly such teeny little issues as "we own all our code" and "we are operating perfectly legally".But if you want an idea as to how far the disclosure issue can go, Entrepreneur Magazine has posted a sample Due Diligence checklist (http://www.entrepreneur.com/formnet/form/774) that includes the following items (but be sure to check out their link for their terms of use and attribution):"Due Diligence" Investigation Check ListCORPORATE MATTERSa. Articles of Incorporation and by-laws of the Company and Seller.b. Corporate minute books and stock transfer records of the Company.c. Federal and state tax returns and related reports of the Company including:i. income tax returns,ii. audit reports of taxing authorities including descriptions of any open issues,iii. real estate tax bills and payment records,iv. personal property tax bills and payment records,v. franchise, license, capital stock, doing business, and similar tax reports, andvi. any other material documents.d. Agreements and arrangements between the Company and Seller or any affiliate of the Company or Seller, including:i. stock subscription agreements,ii. loan, line of credit or other financing arrangements,iii. tax sharing agreements or arrangements,iv. overhead allocation agreements or arrangements,v. management services or personnel loan agreements or arrangements,vi. guarantees or keep-well arrangements for the benefit of creditors or other third parties, andvii. any others.e. Shareholder agreements relating to stock of the Company or stock owned by the Company.f. Documents imposing restrictions or conditions on stock transfer or merger, including any arrangements granting rights of first refusal or other preferential purchase rights.g. Third-party or governmental consent or authorizations required for merger or acquisition.FINANCIAL MATTERSa. Financial statements, including:i. audited financial statements for all periods beginning on or after ^, 19^, consisting, in each case, of at least a balance sheet and income statement,ii. interim monthly unaudited financial statements for periods after the latest audited statements, andiii. working papers relating to the foregoing.b. Bank accounts and depositary arrangements.c. Credit agreements and credit instruments including loan agreements, notes, debentures and bonds, and files relating thereto.d. Performance and financial bonds.e. Letters of credit.f. Instruments or arrangements creating liens, encumbrances, mortgages, or other charges (including mechanics and materialmens' liens) on any real or personal property of the Company, including property held indirectly through joint ventures, partnerships, subsidiaries or otherwise.g. Receivables analysis including aging, turnover and bad debt experience.MANAGEMENT AND OPERATIONSa. Internal management reports and memoranda.b. Policy and procedures manuals including those concerning personnel policy, internal controls and legal and regulatory compliance.c. Budgets, financial projections, business plans and capital expenditure plans.d. Contracts and arrangements for supplies or services, including the following which were entered into or under which work was done during the past ^ years:i. contracts for the sale or purchase of real estate,ii. contracts for the purchase or sale of materials, equipment or other personal property or fixtures,iii. contracts or other arrangements for legal, accounting, consulting, brokerage, banking or other services, andiv. construction and engineering contracts or subcontracts.e. Proprietary information and documents, including:i. patents and patent applications,ii. copyrights,iii. trademarks, service marks, logos and trade or assumed names,iv. nonpatentable proprietary know-how,v. federal and state filings relating to any of the foregoing,vi. licensing agreements relating to any of the foregoing (whether the Company is a licensor or licensee), andvii. confidentiality agreements relating to any of the foregoing.f. Partnership or joint venture agreements to which the Company is a party and any other arrangements with third parties concerning the management or operation of properties, facilities or investments of the Company.g. Reports to management, board of directors or shareholders prepared by outside consultants, engineers or analysts.h. Closing documentation and related files for each prior sale of Company stock and each material asset purchase or sale by the Company during the past ^ years.i. Leases, deeds and related instruments, including without limitation, office premises leases, equipment or vehicle leases, and any such instruments held indirectly through joint ventures, partnerships, subsidiaries or otherwise.j. Agreements or arrangements granting rights of first refusal or other preferential purchase rights to any property of the Company.k. Other material agreements or arrangements.EMPLOYEE MATTERSa. Corporate policies concerning hiring, compensation, advancement and termination.b. Labor contracts together with a list of all labor unions that have represented or attempted to represent employees of the Company during the past ^ years.c. Agreements with individual employees, including:i. executive employment agreements,ii. bonus, profit-sharing and similar arrangements,iii. postemployment agreements including "salary continuation" and "golden parachute" arrangements, andiv. covenants not to compete by present or former employees.d. Names of any officers or key employees who have left the Company during the past years.e. Each of the following which the Company maintains or contributes to, together with filings with the Internal Revenue Service, Pension Benefit Guaranty Corporation (PBGC), Securities and Exchange Commission and Department of Labor, including without limitation Forms 5500 and 5310, summary plan descriptions, summary annual reports, IRS determination letters (for qualified plans), and PBGC reportable events:i. Union-sponsored multiemployer plans,ii. Defined benefit plans,iii. Defined contribution plans including:1. money purchase pension plans,2. profit-sharing plans,3. stock bonus plans,4. employee stock ownership plans, and5. savings or thrift plans,iv. Health and welfare plans, including:1. medical, surgical, hospital or other health care plans or insurance programs including HMOs,2. dental plans,3. short-term disability or sick pay plans or arrangements,4. long-term disability insurance or uninsured arrangements,5. group term or other life or accident insurance,6. unemployment or vacation benefit plans, and7. other welfare plans,v. Nonqualified deferred compensation arrangements including:1. director or officer deferred fee plans,2. excess benefit plans (providing benefits in excess of internal revenue code limitations for qualified plans), and3. severance pay plans,vi. Incentive or bonus plans including:1. stock option plans,2. stock bonus plans,3. stock purchase plans, and4. cash bonus or incentive plans.INSURANCEa. Insurance policies including those covering:i. fire,ii. liability,iii. casualty,iv. life,v. title,vi. workers' compensation,vii. directors' and officers' liability, andviii. any other insured events or matters.b. Claim and loss histories, correspondence with insurance carriers and names of all insurance representatives relating to the foregoing.REAL ESTATE AND EQUIPMENT AND OTHER PERSONAL PROPERTYa. List of real estate (with legal descriptions), equipment and other personal property owned, leased or in the process of being acquired or sold by the Company, with the cost and book value of each item.b. Real estate, equipment and other personal property leases and conditional sale agreements.c. Information relating to title on all property listed in the items above, including motor vehicle title documents.d. Appraisals of real estate, personal property and equipment.GOVERNMENTAL REGULATIONa. Licenses, permits, filings or authorizations obtained from, made with or required by any governmental entity.b. Correspondence with any governmental regulatory authority.c. Accident or injury reports to federal, state, local and foreign governmental entities.LITIGATION AND CLAIMSa. Pending or threatened litigation, regulatory investigations, governmental actions, arbitrations, or notices of violation or possible violation, including proceedings in which the Company is a plaintiff or claimant, and the names and addresses of legal counsel advising or representing the Company in each matter.b. Files and records relating to the foregoing including opinions and evaluations.

1 IntroductionThis question is one of the most fascinating issues and the Answer has deep roots in the personality and character development of people within the family. I am not a psychologist so much of what follows is based upon my observations, my reading and personal experience and while I think what I will tell you is a major key as to why “liberals” and “Republicans/Conservatives” behave as they do, there has not been adequate research in this vital area of human behaviour. What “liberals “get” that Republicans/Conservatives don’t seem to understand” is a conclusion to the following discussion.2 “Who do you admire most, your mother or your father?” This has been my question for many of my acquaintances, because what it is really referencing is “Which of the human behaviours do you admire most, love/compassion or power/authority?” Many of the people who choose one partner over the other fall into the political camp of the loving liberals or the callous conservatives when they answer this question. Very few have said “Both” and identified themselves as more balanced individuals while even fewer have said “neither” usually followed by a tirade about how their mum and dad were losers but the answerer was a great money-making machine and conservative who failed to acknowledge the foundation of his (or her) personality within the family. And a small number of very bright people have said “The right answer is obviously both” and responded in a way that was sometimes at odds their behaviour.3 Examples From HistoryThese examples are inevitably drawn mainly from the Western history of the 20th century, but the history of Asia and probably elsewhere and otherwhere in the native histories of the African, Aztec, Inca, European, and Indian empires probably provide many examples which my lack of in-depth knowledge and focus on brevity exclude, but I may mention some of these in passing in the final summing-up. As Ezra Pound once observed“I remember when writers left blanks in their pages, I mean for the things they didn’t know.”3.1 The Historical Liberals3.1.1 Wang Anshi (1021–1086) The Caring First Investment Credit EconomistThis outstanding Chinese Prime Minster was the first investment credit economist and his outstanding economic understanding produced the first industrial revolution in 11th century China. This Answer can only provide a very brief summary of his extensive actions, but what he did wascreate productive investment credit and canalise hundreds of thousands of cheap loans to Chinese merchants causing an economic boomprovide seedtime to harvest loans at 20% pa to farmers, thus feeding all of China’s population and creating an agricultural surplus, and also providing such loans for city-side market gardensabolish slavery and legislate for wages to be paid to previous slaves for future work donecare for the poor by establishing the first welfare state with state incomes for the poor, for widows and the disabled and the unemployedconstruct orphanages and hospitals and public buildings to improve public welfare and state administrationimprove roads and ferries and water distribution schemes to the rice-growing terraces of farmsabolish monopolies and replace them with state companies or several private companies operating in the public interestrestructure schools by placing their provision under the contol of knowledgable professors, thus creating the first universitiesintroduce mathematics to the Imperial Examinationsand much else. See Wang Anshi - Wikipedia and New Policies (Song dynasty) - Wikipedia and Wang Anshi’s economic reforms: proto-Keynesian economic policy in Song Dynasty China and https://www.researchgate.net/publication/263043799_Wang_Anshi_and_the_origins_of_modern_public_management_in_Song_Dynasty_China and How did Wang Anshi contribute to the economic world? and see “Wang Anshi and ChinaToday” at On Wang Anshi | China Heritage QuarterlyWang Anshi’s outstanding economic understanding and behaviour provides a guide to policies even [and perhaps especially] for today’s politicians and nations. I cannot image a higher comment being made about upon any previous Prime Minister and/or leader. Wang Anshi focused upon raising the living standards of ALL his people, and his major motivation was to improve the lives of the Chinese people. That’s why his 11th China became not only the largest first industrial economy in the world but why modern China, with the same focus, is again becoming what is was, the greatest world economy with the highest GDP/person and best socially developed country in the world.3.1.2 Abraham Lincoln (1809–1865) the self-sacrificing mother of a manThis Republican President was not a reflection of modern-day Republican policy: he was very anti-racist and he tried to govern and act in the interests of all the people in the United States. He was, judging by what did, a liberal.Abraham Lincoln fought the bloodiest American Civil War (1861–1865) which was an unusual war (see American Civil War - Wikipedia) becauseit was the first Western war in which gunpowder was in widespread use (the first such event was the Mongol seige of Kiafeng in 1262–33 - see Mongol siege of Kaifeng - Wikipedia)the war was a soldier-on-soldier effort and fought continuously through at least hundreds of major battles and thousands of armed skirmishes -see Civil War Battles | HistoryNet which states that“The Civil War consisted of nearly 10,500 battles, engagements, and other military actions including nearly 50 major battles and about 100 others that had major significance. The remainder were skirmishes, reconnaissances, naval engagements, sieges, bombardments, etc. The engagements were fought in 23 different states and resulted in a total of over 650,000 casualties.” [There were 31.4 million people in the USA according to the 1860 census, but hundreds of thousands of men immigrated to join the Union Army, so the men killed as a percentage of the population is not readily or reliably calculable.]although the war originated in the desire for black emancipation it mutated into a war about the unity of the United States of Americaafter victory it seems that Lincoln had to face the suggestion from some of his administrators that the South should pay for that war through “reparations.” [I have never been able to find out what he said to that request despite or perhaps because there is so much data about that civil war but I can imagine he was of the opinion that he had not won the war between the states only to bankrupt the South by following through and turning victory into vengeance. I believe no reparations against the South were ever raised. If any Quora reader has better information that I have upon this subject, please advise me, and I may amend this entry.]Lincoln had three bullet holes in his hats which were the result of unsuccessful assassination attempts. The cry at the theatre from his killer John Wilkes Booth may have been based upon the idea that there had been a basic right to State secession written into the Constitution of the United States. But Lincoln said no, that’s impossible, and he wanted to make the United States a permanent union, which for him had become the fundamental purpose of the war. But this issue is still contentious. See Secession in the United States - WikipediaLincoln stated his views with total clarity at the Gettysburg Address. He objected to the view that the United States was a country which would in future come under the group that “this, too, must pass” and he said in praise of the purpose of the honourable dead and as a guidance to his listeners asking:“that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom"[8]— and that government of the people, by the people, for the people, shall not perish from the earth.”So he told his military guardian to stop protecting him because he did not wish to live behind his praetorian guard and the protection duly ceased.Lincoln must have known he was likely to be killed, but he was a loving self-sacrificing mother of a man who wanted to place the seal of his death on the “eternal union of the United States.” He wanted the Union more than he wanted his life, and he got what he wanted but he lost what he had. He did what he said at Gettysburg the honourable dead had done - he, too, died for the Union.The Union army became by 1865 by far the most effective army in the world. Its armaments were mainly provided by the factories in the States that were lakeside to the Great Lakes, which became the great manufacturing areas of the USA. Some observers have commented that only the Atlantic prevented the US from having a European empire.And nearly all of the subsequent history of the USA - its great growth which resulted in the USA becoming on some estimates the largest world economy a mere fifteen years later in 1880, FDR’s economic miracle which made the USA the hegemonic leader of the world - were only possible because the States of America were United.Lincoln was one of the greatest liberals in the history of the United States. He was undoubtedly the greatest US President of the 19th century. If I can, I will visit the Lincoln tomb at Oak Ridge, Springfield and leave a rose at his tomb the next time I am in the USA.3.1.3 Franklin Delano RooseveltFranklin Delano Roosevelt was an astonishing president. He was the man who created FDR’s American Economic Miracle 1938-44, or the First Economic Bomb - The USA from 1938 to 1944 (Part 1)FDR’s economic miracle produced six years growth averaging 12.2% pa. He achieved that by involving all the American people in his objectives and by treating his workers fairly.This subject is one of the four papers for my PhD so I will not expand on that topic here and now but I will elsewhere and later.3.1.4 Clement Atlee The Originator of Britain’s Welfare StateWar has been the economic education of Conservative politicians, because only during the late stages or after a major war does the ruling elite acknowledge that the people, not the ruling elite, won the war and deserve “homes fit for heroes” and better social services. Before World War II ended, Rab Butler proposed and the wartime Government accepted the 1944 Education Act which for the first time provided for a good free British education in primary and secondary and FE College and university Education.The post-war welfare state based upon the https://en.wikipedia.org/wiki/Beveridge_Report proposals to deal with the five giants of British poverty - Want, Disease, Ignorance, Squalor and Idleness - were ultimately tackled by a state-provided minimum income, the NHS, a fully-funded primary, secondary, tertiary college and university education system, a housing programme and a Keynesian policy of full employment.The British people benefitted enormously from all that, but it came to an end with the 1979 election of the social-contract-destroying governments of Margaret Thatcher.3.1.5 The ScandanaviansThe history of Scandanavia and the four countries within that group - Norway, Sweden, Denmark and Finland- has led to the highest family incomes and the best social packages in the world. Their example does show that national leaders can act in the interests of their people for not only decades but for centuries if the will and the idea are both present.3.1.6 The Chinese Paramount Leader Deng XiaoPingDeng Xiaoping was the realistic Paramount Leader of China that set the nation on the prosperity-producing focus on the priority-of-the-people path it still follows today.3.2 The Historical ConservativesMy definition of a Conservative ruler is a person who elevates one racial, national or elite group above the rest of the people. Throughout most of history, the momentum of development in nearly all societies has been to elevate their elite into the government-supported privileged position within the nation. The sociologist who has majored in analysing the topic is the German Oswald Spengler, and it is his first major observation in his book The Decline of the West - Wikipedia3.2.1 Genghis Khan (1162–1227)If a choice had to be made about which man had the greatest effect on modern history, Genghis Khan would probably be the only candidate. Of course the leaders of religions in the view of many of their supporters would be an alternative choice. But no-one, apart from Ghengis Khan, had such a devastating and profound effect on the cultures of China, Europe, and Africa and maybe even India. Genghis altered the pattern of livestock and people in the world in a way no other person has.Genghis Khan’s Mongol “Loyal oath” provides one insight to his character. That oath is“You will immediately kill whoever I order you to kill without question.”That oath was regularly obeyed. The Mongols were the pre-historical equivalent to an atomic war, because they murdered millions of people in their ground-clearing and city-destroying behaviour. They not only destroyed cities physically by burning or flooding the city but tried destroy its culture, by burning their books or throwing their library books into the local river (as they did in Baghdad, turning the river black ) but they annihilated the previous population of a city by only allowing a few Genghis-raped women to live, and killing all the previous inhabitants livestock in and around a city. See A Brief Guide To Early Chinese History: The Mongol Conquest Of China And Its Consequenceswhere I say:“The Mongols were by far the most pitiless mass murderers in history: they had a rule that if, when the Mongols were laying siege to a city, one child threw one stone at one invading Mongol soldier, then everyone and everything in the city should be killed. They did not always do this, but they usually did. The Mongol programme for area-clearing and city massacre was very similar to their animal clearing activities in the steppe - destroy all the lightly-defended small towns and farming communities, killing all the inhabitants; construct walls around, invest and conquer cities; then drive all of the people out of the city into giant concentration camps (first invented by the Mongols) one for men, one for women and children; thoroughly loot the city, concentrating on the movable assets which could be carried away on horseback; kill all the men, kill all the children, rape and kill all the women. The whole population of captured cities were often marched through one city gate, all other exits having been closed, and the people were often corralled, as animals sometimes still are in slaughter-houses, through a baffle, so that they could not see what was happening ahead of them; each person was systematically beheaded in an almost industrial process, the heads being stacked in neat pyramids, the tally of murders per man day being counted, until the massacre was complete. After the capture or surrender of a city, each soldier of whatever rank had to butcher an equal number of captives - the Mongols only had a democracy in butchery. The quota of the required number of beheadings per soldier was sometimes several hundred. The Mongols probably killed a greater proportion of the population of the world than any other people before or since. In the Middle East, the Mongols created pyramids of human heads to avoid any possible recovery of the wounded or any escape by anyone hiding among the dead. This was what they also did to the Hsia population.“In my view the Mongols were the pre-industrial equivalent of atomic war. They destroyed previously flourishing cities and regions. They halved the 12th century population of China by killing nearly everyone in the cradle of Chinese civilisation, in the “land within the passes” of Northern and North West China. The almost complete massacre of the Hsia population altered the balance of Chinese civilisation from northern-dominated to Southern-led. As Professor C P Fitzgerald has commented:Fitzgerald continues:“A region which in T'ang times had been wealthy and cultured, as the Buddhist Scriptures and cave monasteries prove, became a semi-desert, the poorest and most backward part of the Chinese Empire."C.P Fitzgerald, "China - A Short Cultural History", Century Hutchinson, Melbourne, p 433.”Genghis Khan, whatever his positive achievements, was an egocentric mass murderer who behaved as if other people were only briefly useful for his pleasure and his aims. After conquering a city, he routinely raped several nubile women nightly for a week or two and sent them on their way with some treasure to help their survival. These raped and often pregnant women were often the only survivors of a city which previously had a population of hundreds of thousands or millions. The other nubile women of a city - the females enslaved for the brief pleasure of the Mongol troops - were always mass murdered when these troops moved on, because female slaves could not be allowed to slow down the Mongol army. The behaviour of Genghis and his immediate descendants explains why about six percent of the inhabitants of central Asia have had one ancestor, who can only have been Genghis Khan. See Descent from Genghis Khan - Wikipedia and 1 in 200 men direct descendants of Genghis Khan - Gene ExpressionGenghis Khan’s castration and death at the hands of a Chinese Princess after the partial destruction of the people of Hsia ceased his personal spreading of his seed. His instruction on his deathbed that all of the people of Hsia were to be butchered was completely carried out after his death by his descendants, and explains why North West China is still largely comparatively unpopulated. [About one person in 100 may have survived such massacres.]The elevation of one man and his descendants to this almost incredible extent has no other valid parallel in history. When Kubla Khan ruled China, he officially continued his rape-a-few-women-nightly behaviour using the Chinese Civil Service to select and supply these women.The major reason for the relative brevity of the Yuan/Mongol Empire was that Kubla Khan forbade the Han Chinese from learning Mongolian, and he printed large amounts of consumer credit to fund his troops, creating inflation, and he neglected to repair the rice terraces or water-distributing works, causing starvation, all of which led to the fall of the Mongol Empire.And four of the key inventions of the Chinese people - gunpowder, paper, woodblock printing and the compass -flowed over the Silk Road and started the European renaissance and the industrial revolution. And the Western demand for the silks and spices of China, after the Silk Road was shut down by quarrels between Genghis’s successors, drove the European sea explorations [“voyages of discovery”] which made Europe aware of the location and potentials of other lands as Europe’s tiny boats with their scurvy-suffering sailors ruled the waves.It should be noticed in passing that the 25,000 plus sailors and troops of each of the seven Chinese Treasure fleets did not suffer from scurvy because some of their 500 plus ships were entirely laden with fresh water for drinking, washing and growing fruits and vegetables to feed the fleet.3.2.2 The Conservatives in 14th century ChinaOne of the several highs of Chinese civilisation was the achievements of Great Ming period of the Yongle Emperor, who from 1421 to 1424 launched the seven Treasure Fleets to demonstrate the vast superiority of China to the Asian, Indian and African countries whose seaports are now being upgraded as the “sea Roads” of the B&RI/OBOR project.The 15th century ships of the Chinese Treasure Fleet were much larger and better constructed than European vessels at that time. The Nanking shipyard where the vessels were built was by far the greatest shipbuilding facility in the world. See George Tait Edwards's answer to What are major Chinese innovations? where I observe“The Conservatives and their usual promotion of the interests of the rich and their traditional xenophobic philosophy of fear of outsiders and the elevation of tradition above innovation, and isolation above development, dominated the actions of the late 15th century Ming court. As The Ming Voyages | Asia for Educators | Columbia University records under the heading “The Fateful Decision”“The Ming court was divided into many factions, most sharply into the pro-expansionist voices led by the powerful eunuch factions that had been responsible for the policies supporting Zheng He's voyages, and more traditional conservative Confucian court advisers who argued for frugality. When another seafaring voyage was suggested to the court in 1477, the vice president of the Ministry of War confiscated all of Zheng He's records in the archives, damning them as "deceitful exaggerations of bizarre things far removed from the testimony of people's eyes and ears." He argued that "the expeditions of San Bao [meaning "Three Jewels," as Zheng He was called] to the West Ocean wasted tens of myriads of money and grain and moreover the people who met their deaths may be counted in the myriads. Although he returned with wonderful precious things, what benefit was it to the state?"Linked to eunuch politics and wasteful policies, the voyages were over. By the century's end, ships could not be built with more than two masts, and in 1525 the government ordered the destruction of all oceangoing ships. The greatest navy in history, which once had 3,500 ships (the U.S. Navy today has only 324), was gone.”It is no exaggeration to say that this is what Conservatives/Republicans usually do. They “save” money and destroy industry. They think they are acting in the interests of the elite by impoverishing the workers. The emphasise tradition and isolation rather than progress and funding economic development. That has never “worked”because such policies reduce the scale and effective operation of the economy.It is not only an historic event - these policies of isolationism and rule by the rich are active in Trump’s USA and Brexit Britain. Neither can have successful results.3.2.3 Adolf HitlerThe odd beliefs of Adolf Hitler and his elevation of what he regarded as superior “Aryan” characteristics of blonde hair and blue eyes above all other “racial types” is too well known for me to retell it here. In addition to his elevation of the “Aryans” and the Germans above the rest of humanity he victimised and murdered millions of Jewish people. And he sacrificed millions of Germans in his wars.His economic policies helped fund major German innovations in the jet engine and in rocketry but his murderous policies ensured that Germany could not win any war against the Allies.The Jewish genius Albert Einstein emigrated to the USA and wrote an historic letter to FDR recommending the development of the atomic bomb.Clive James’ comment that pre-WWII Germany decided “To lose weight by blowing its brains out” is pertinent.3.2.4 Ronald ReaganRonald Reagan was the President who from 1980 turned America away from Keynesian full employment and FDR’s social packages and into a rule-by-the-rich country enforcing the ineffective Washington Consensus Macroeconomics both domestically and on other nations.These policies guaranteed accelerating US economic decline and the loss of US hegemonic power. The kindest comment that could be made about this President is that he probably did not know what he was doing.His consent to the CIA peddling of hard drugs in California to fund action against the drug lords of Columbia is a permanent stain on his presidency. See CIA involvement in Contra cocaine trafficking - Wikipedia3.2.5 Margaret ThatcherTo say that Margaret Thatcher admired her father more than she admired her mother is a great understatement. In an independent article about The woman who brought up Margaret Thatcher the author, Andy McSmith, notes that Beatrice Thatcher, her mother’s name, is given no credit by her daughter:Thatcher exhibited callousness to an enormous degree both to the British workers whose industries were destroyed by her policies and internationally. She described anyone (including cabinet ministers) who opposed the cruelty of her policies as a ”wet”. Nigel Lawson’s use of oil revenues [which had also raised the value of the pound] to reduce taxes for the very rich, on several reliable estimates destroyed about 20% of British industry, which was said to be “more than Hitler had done.” Thatcher’s privatisation policies for the nationalised industries of the railways and coal and steel often created large and lasting levels of unemployment in one-main-industry towns like Motherwell/Steelopolis and Corby (also a steel town) and many others and in whole counties where employment in the coal industry had been the major source of employment.Thatcher’s international cruelty reached its peak in the sinking of the Belgrano during the Falklands war. Tam Dalyell- see Tam Dalyell never held office, but he was Margaret Thatcher's sternest critic - never forgave her for that. The sinking caused the Argentine fleet to stay in ports and avoided a sea war, but it was nonetheless a murderous act.Thatcher caused the Falklands war by cutting Navy budgets in the South Atlantic. Lord Carrington nobly volunteered to take the blame for that.The Falklands fleet was so rapidly assembled that Thatcher sent an atomic-tipped fleet to the Falklands. The Russians objected to that, misreading the situation as a war prelude. The fleet stopped off at the Ascension Islands and the atomic bombs were all transferred to the RFA Fort Austin. Just as well that ship was not hit by an Exocet.3.2.6 Tony Blair the Conservative Wolf in Socialist DisguiseMargaret Thatcher described Tony Blair as “her greatest achievement,” and although he won elections for labour, once in office he never reversed any Conservative policies and quietly pursued some of these (such as PFI). He did a little more for Britain’s poorest but he was probably the most disappointing Prime Minister ever elected. The joy at Labour’s May 1997 election turned slowly into bitterness as Blair’s “New Labour” policies were discovered to be mainly a cover story for the continuation of Thatcherism. At first he admitted an admiration for Thatcher’s style, but he ultimately confessed he was a complete Thatcherist. If he had said that in the first place he would never have led the Labour Party or become Prime Minister. Over the more-than-a-decade of Blair’s premiership, nothing effective was done to reverse the economic decline of Britain, and Blair tutored his successor Gordon Brown into abject compliance to the wishes of the City of London which led to the August 2008 Credit Crunch. SeeFSA head: Gordon Brown helped fuel banking crisisTony Blair showed no effective compassion for the workers and families whose lives had been devastated by industrial decline. His pre-election “cocktail offensive” on the City of London with Mo Mowlem may have assisted his election prospects but he promised the City that nothing effective would be done to limit their speculative activities.Blair had the opportunity to reverse the economic decline of Britain and he muffed it. He could have been a British FDR but he was too limited in his economic understanding and by his enormous egotism. Blair served the rich and powerful, whose ranks he ultimately successfully joined, but although he was personable and a good communicator he was a kind of better-educated Fettes College British version of George W Bush.———————4 Economic Miracles and their Leaders and Conservative politicians and Economic Decline4.1 Many Economic Miracles Were Created By Two-Man TeamsMany economic miracles are based upon the fortuitous happenstance of a determined political leader and a great economist or activist. Eleventh century China had Prime Minister Wang Anshi the first great investment credit economist and his friend and supporter the Shenzong Emperor, 15th century China had the Yongle Emperor and the great eunuch explorer and leader of six of the seven Treasure Fleets Zheng He, FDR’s economic miracle had John Kenneth Galbraith supporting FDR, the Japanese economic miracle had the second great investment credit economist Dr Osamu Shimomura and his friend and Prime Minister Hayato Ikeda, and Clement Attlee had the great liberal economist William Beveridge - Wikipedia (1879–1963). All economic miracles have an immense social dimension based upon improving the lives of all the people through state action to provide the underlying superstructures of an economic miracle. Unless economic miracles create and maintain such foundations their economic and political primacy does not last. Britain seems to be the main example where a great social welfare net was created without the political follow-through into a post war economic miracle.4.2 There Is No Inevitability About The Rise of Rule-By-The-RichThe major first point made by Oswald Spengler in The Decline of the West - Wikipedia is that all the Western democracies will inevitably evolve into ruled-by-the-rich plutocracies. While no-one who has examined the facts of history could deny this has usually historically happened, there seems to be much less inevitability about that process than Spengler assumes.Conservative politicians do not have to follow an economic philosophy which impoverishes large sections of their population, degrades their economies and reduces their political and social influence in the future of the world.During the Keynesian era of 1945–1979 they didn’t. The USA was then regarded as a helpful development model for other nations, which during the era - seen in the afterglow of history as a “golden age” - allowed LDCs to develop as best the could.The best recent comment I have ever heard about from a Washington Consensus economist is “Well, we got away with it for almost forty years!!”But the game is now up. The only large country now prioritising the wealth and welfare of its people - China - is growing so rapidly on that basis that its economy is going to completely dominate the future of the world. Its economics should also do that, but Shimomuran-Wernerian macroeconomics has not so far escaped from its most recent locations in the Tokyo Consensus Zone.————————4.3 Ivories and Ovaries and Consequences, ConsequencesA few of my acquaintances have been great seducers of women and have left a trail of emotional devastation in their wake. I asked one of them how he did it, and he replied with commendable frankness“I cover my teeth with flowers. I persuade them that I love them, but when they surrender themselves to me I do whatever I want and then it’s goodbye to Gabby.” [He called all women Gabby because he said they talked too much, and his greatest failures where with women who did not, because they regarded him with derision and murderous looks and would not “let him in”.]That’s the major programme of all right-wing Conservative and Republican parties - they keep saying they love the people, and will act in the interests of all the people, but once in office they will do whatever they like in their own interests and will do their utmost to preserve their power using a compliant money-serving media and voter-reducing activities, and they will serve the rich through tax cuts and destroy the wealth and welfare of the people to fund these tax cuts. And the people, to use the vernacular, will be totally screwed.That has been and is the continuing programme of the US Republicans and the UK Conservatives.5 Provisional Conclusions5.1 The activities of nearly all politicians can be analysed into the two major categories as liberal-loving or callous-Conservative, and the fate and prosperity of the people depends upon what kind of leader a country possesses. The origins of these contrasting behaviours may lie within the family but have major effects on the political behaviour of leaders.5.2 The vast majority of recent Western politicians have accepted the economic-decline-producing Washington Consensus Macroeconomics (WCM) and their economies have consequentially declined in world status. The decline of the previously hegemonic UK and USA is particulary notable.5.3 The politicians of the Tokyo Consensus Zone have for decades embraced Shimomuran MacroEconomics (SME) often with its Wernerian SME-improving local banking system and their populations have profited by the experience.5.4 But as soon as some Asian politicians have accepted the WCM, their economies have nose dived into decades of much lower growth and persistently higher poverty levels among their people (eg South Korea from 1981 and Japan from 1991). It is difficult for recent national leaders to exit from such an experience by resuming SME.5.5 There are few Western politicians who are genuine democrats and who run their countries in the interests of all their people.But some of them have been and more of them will be, once it is recognised that this is the major route to national economic success.6 Over-Arching Conclusions and Further Questions6.1 The strength of economic inertia is so high that most national leaders take the easy way out and “go with the flow” of elite-serving and prosperity-denying WCM despite the likelihood that their place in history would be best guaranteed by adopting SME.6.2 While there are many billionaires that luxuriate in the wealth produced in their interest by the ruled-by-the-rich plutocracies, there are none so far that have assisted the restoration of Western democracies operating under a leader in the interests of all their people. I think that is sure to happen once they are better informed, but the burning question is “When?”6.3 China’s economic development is soundly based upon the rapid increases in the incomes of its people and as long as that condition is maintained, the further high growth of that nation is unstoppable.7 AnswerThe simple truth that liberals “get” that the Republicans don’t seem to understand is that higher rates of economic development rests upon the prosperity of the people.That is not an opinion but an observation supported by the evidence of the history and recent and current experience of the circumstances of the nations where high economic growth occurs.Frank Seward, thank you for this fascinating question, and I hope you find my Answer equal to your enquiry.