Death of empires: History tells us what will follow the collapse of US hegemony — Henry Johnston

Summary:
The turn away from expansion, production and trade toward lending and speculation has precipitated decline for centuriesIn the vein of Michael Hudson on the transition from industrial capitalism to financial capitalism, and the implications of this transition systemically. The article is a summary of the work of Giovanni Arrighi, one of a number of economists, economic sociologist and economic anthropologists that have explored the phenomenon of capitalism and its development in terms of the world system.RT — Question More (Russian state-sponsored media) Death of empires: History tells us what will follow the collapse of US hegemonyHenry Johnston, an RT editor who worked for over a decade in finance and is a FINRA Series 7 and Series 24 license holder

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