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The transnats who plan ahead will attempt to capture tangible assets, rather than leave their fortunes in paper money, because when the music stops, the value of paper money will be a matter of political negotiation.
Trying to grasp what the world will look like on the other side of such a fundamental discontinuity is, I think, more in the realm of tea-leaf reading than political analysis.
- Jake Friends come and go. Enemies accumulate.
Its reasonable to presume that the less dystopian scenarios will involve a rise of regional blocs, since that's what's tended to happen before. It is, after all, not the first time in the world-system that a wave of globalization under the cover of a capitalist hegemony has come to an end, and it seems to be more or less variations on a theme. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
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