Given that all the leading candidates for Global Hegemon are hastening down paths of self-destruction, perhaps there will be no global hegemon dominating the 21st century.
The money-shot: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.”
These are questions that arise as a consequence of the digitization of the global/local supply chain in the peer-to-peer model.
I suspect the Alibaba IPO may well prove to be the high water mark of the China Boom Story in more ways than one.
Markets crash not from “bad news” but from the exhaustion of temporary stability.Yesterday I made the case for a Financial Singularity that will never allow stocks to crash. We can summarize this view as: the market and the economy are n…