Walking the streets of New York City, the world’s number two financial centre by most indices of such things, helps remind one of how different the world is when seen through the prism of money rather than, say, military clout. Read more

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Recently, flitting from one aircraft to another, I read an old 2007 essay-cum-book James Mann’s The China Fantasy. Mann’s argument was that there were two broad schools of thinking about the future of China in the West. One school argued that as China’s economy grew and its middle class expanded it would, over time, become a more tolerant and democratic regime. The other school said that the contradiction of a modern economy and a totalitarian polity meant that China would ultimate suffer a political meltdown. Read more

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Reading some of the statements of Osama Bin Laden and his ilk one is struck about their ignorance of modern economies. They think it’s all about oil, as you would expect from Gulf Arabs. Read more

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The Barack Obama administration spent its first two years bashing Wall Street and America Inc. This led to some harsh words between the White House and the US Chamber of Commerce. Read more

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