In 1907, in the wake of an epochal financial crisis that almost brought a complete global collapse, several countries started to think of finance primarily as an instrument of raw power that could and should be turned to national advantage. That kind of thinking brought war in 1914. A century later, in 2007-2008, the world experienced an even greater financial shock, and nationalistic passions have flared up in its wake. Destructive strategies may not be far behind. Read more at project-syndicate.org/commentary/financial-crisis-and-war-by-harold-james#pFZWYj5VBK9cwVVb.99
Posted on: Sat, 06 Jul 2013 07:01:24 +0000
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