Path to Mediterranean Hegemony
Chapter 503

Breakthrough in Broadcasting Technology

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Strength was the true kingly path. Striking at an enemy in the dark was only a temporary measure. If Bulgaria itself was not strong enough, then even if the British Empire declined, it would not be Bulgaria's turn to take its place, would it?

After setting the British ablaze, Ferdinand once more drew his thoughts back and shifted his focus to domestic affairs.

The electrification revolution had erupted in the previous century. The first countries to undergo an industrial revolution in electrification were the rising nations of Germany, the United States, and Bulgaria.

As time passed, Bulgaria had now "been made" into a pioneer of the electrification revolution. Its competitors, Germany and the United States, had already collapsed, while old empires such as the United Kingdom and France appeared extremely conservative when it came to technological innovation.

Why get up and work hard when one could make money lying down?

One had to know that investing in technological innovation also carried risks. History was cruel: it recorded only the victors, while saying nothing of the far greater number of failures.

According to data collected by the government, after entering the twentieth century, more than 95 percent of all Bulgarian enterprises that pursued industrial innovation fell by the wayside.

Either they took the wrong road and were cast aside by the times, or they lacked sufficient funds and went under before they could see victory.

Over twenty years, the survival rate of such enterprises had fallen below 3 percent. Innovative companies had an average lifespan of less than three years, and bankruptcy was commonplace!

By contrast, ordinary enterprises that muddled through without ambition had a survival rate as high as 92 percent. Their average lifespan was generally over thirty years, and so long as they did not take the wrong road,

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