Clash of Empires: Currencies and Power in a Multipolar World
Empires usually start off as road-building exercises. Which explains why, in Europe, everyone says that all roads lead to Rome.
The reason empires like to build such arteries is to pull in commodities cheaply to the heart of the empire, and push out, at minimal cost, higher value-added finished goods to the periphery.
With this analogy in mind, the world seems to...more
With not much exaggeration, I happen to think the Chinese communist party is chiefly made of people whose wives like Gucci and Prada and whose sons and daughters want to study in America and never come back, with only the hugest losers among ...more