On a national level, both Japan and the US have tried this approach and failed.
As trillionaires, we the United States citizens decided to get or blow up Japan after they decided to get or blow up Hawaii, notably, both islands, and notably both wealthy nations with plenty of idle time to think about such things instead of mowing the yard.
When they wouldn't sell, we threw a gazillion little and two huuuuuge bombs to blow it up - didn't work - so we got ready to do it with a gazillion huuuuuger bombs until the Soviets said Niet! Then we poured money into the Island and still didn't end up owning it.
Instead we sold Hawaii, while retaining mineral rights, and recently, close to everything we had in Financial Services in their part of the world. We also decided to sell our 'freedom' by borrowing a trillion dollars from them. Man we are good - at shooting ourselves in the foot.
They felt sorry for us and decided to build the PS3 to get even more out of us - while we bicker over how to reduce ourselves further.