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Olduvai III: Catacylsm
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The End of Western Globalia?

The End of Western Globalia? Since the 1970’s, international trade has continuously been promoted by leaders of developed countries and economic agents. Several theoretical frameworks have been put forward to explain the benefits of a free trade environment, from Adam Smith’s concept of absolute advantages to more recent firm-based theories. However, the reality is much […]

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The Promise of Fiscal Money

Nur Photo/Getty Images The Promise of Fiscal Money One of the few remaining sacred cows of Western capitalism is the independence of central banks from elected governments. But in an age when fiscal policy has become an essential factor in determining the quantity of money lubricating the system, an independent monetary authority no longer makes […]

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Trade Deals and the Quest for Global Dominance

Trade Deals and the Quest for Global Dominance The Slavery Economy The Setup “In the factory books, you see lots of turnover. But slaves couldn’t quit. While factories were worrying about filling positions and just keeping things going, plantation owners were focused on optimization. They could reallocate labor as they saw fit. I found real […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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