Jeff Ryan

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The Great Depression coupled with the large wealth gaps led to a rise in populism and extremism in nearly every major country. In some countries—e.g., the US and the UK—this led to big redistributions of wealth and political power while capitalism and democracy were maintained. In others, particularly those with weaker economies (Germany, Japan, Italy, Spain), populist dictators seized control and sought to expand their empires. Classically, before all-out wars begin, there is typically about a decade of economic, technological, geopolitical, and capital skirmishing.
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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