"English spelling is the way it is because of the timing of the introduction of printing in England. Caxton set up shop at the very end of the Middle English period and Middle English orthography became standard. Much the same way we are all damned to suffer the slings and arrows of outrageous ASCII, even in this multi-ethnic, international computer world, just Because It Is There." -- John Lawler, "English Language History, with excursus on Technology"
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In any case, we're a bloody damn long way from Early Modern, let alone Middle, English orthography. Otherwise we'd still have the long s, the odd thorn and eth here and there, and a bunch of other strange typographical peculiarities.
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