All…cultures…are founded on myths….The economic interpretation of history is for the birds. Economics itself is a function of aspiration.
The terrorist punks who waved this flag a hundred-some years ago got their arses walloped. The banner survived as an expression of “pride,” though in what, God knows. “Pride” is one of those vague euphemisms folks chant at each other when they’ve done, are doing, or are fixing to do something awful.