Winston Churchill & British imperialism
Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not know is how his statements often shed a clear light on British imperialism.
The concentration of global power is extreme, and it rests upon the different ways a country can have influence over how the world works.
Bitcoin’s growth from just being a tech curiosity was driven by popular discontent with banks and banking systems, mainly in the U.S. after 2008.
The UK’s Singapore-on-Thames delusion
I will not spend much time on this topic because it is so ridiculous. But the notion that the UK can become a ‘Singapore-on-Thames’ seems to underlie some Brexit fantasies. Do these have any foundation? – Tony Norfield
Airbnb’s A’s and B’s
This is most clearly shown in what is allowed by the powers that run the financial system.
The Mao-Roosevelt No meeting, 1945
In January 1945, Mao Tse-tung sent a message to U.S. President Roosevelt asking to visit the U.S. and discuss future relationships with China. The message got blocked by a U.S. diplomat in China, and Roosevelt apparently did not receive it.
China & U.S. power
Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.
Richie Rich & friends
Being the biggest rich capitalist country, the U.S. also has the largest number of wealthy people. Quite how many will come as a bit of a surprise for those who have heard the ‘1% versus 99%’ slogan; it is not just Bill Gates and Jeff Bezos.
Viruses & imperialism
Despite conspiracy theories, there is no evidence whatsoever that the virus was manufactured in or escaped from a laboratory, in China or anywhere else. Such accusations ignore how easy viral transmission can be when other factors come into play.
As we wait impatiently while the Brits go through the interminable travail of Brexit, let us have a look at who they are. Not directly in a social, cultural or political sense, but by reviewing the data on UK employment. Work gives a foundation for people’s daily lives and will, in turn, have an impact on society, culture and politics.
FX & Imperialism
What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply because an exchange rate is the value of one currency versus another, so that you must weigh up two or more countries.
China & World trade
Just in case you had forgotten that China is a major part of the global economy, here is a chart from the Bank of England’s Financial Stability Report.
While the ratio of debt to GDP fell in 2018—for the first time in a decade—for both advanced & emerging market economies it remains high, much higher than at the start of the 2007-08 crisis; and has also continued to rise in some major economies.