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I suppose from a stability point of view. Of course the generals were happy that Alexander didn't do that but I think in a long-term stability way, had he made vassal states of Egypt and the Afghan region, it would have kept money flowing into Macedonia.From who's POV or just a general avoid bloodshed one? Bc I think the Selucids or Ptolemys for the next few generations would certainly argue that it worked out great for them that Alexander didn't do that lol
I'm imagining a scenario where Alexander made himself de jure Hegemon of those regions while having de facto rulers.