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With a POD after 1492 is Spain capable of actually creating a strong economy and not running it into the ground? When I mean by that is not spending so much on wars and spending more developing technologies and industries like Britain and the Netherlands did. And so on and so forth. Maybe improving the state of their colonies too including economics and infrastructure and so on so forth.

What would be needed for Spain to be willing to do this? And how will this affect the world?
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