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Tag Archives: british empire
What’s happening is a changing of the guard.
Just as when Britain overtook Spain as the biggest empire, and when the USA overtook Britain post-war. The difference is that these previous empires were built in greed and religion (Spain, Catholicism) or were essentially an updated version of their predecessor (America replacing Britain mercantilism – which replaced Dutch mercantilism.) And, of course, that technology has changed the world in fundamental ways – and a global empire now really can be just that. But it will remain mercantilist.
At minimum it will impact global reserve currencies with unknown, but probably negative, impacts […]