Power depends not on geography or politics, but on economics. Wealth can be spent on the military resources needed to acquire power. Power, in turn, protects the sources of that wealth. But decline happens when too many resources are devoted to building empires, rather than investing in economic productivity at home. Watch Macat’s short video for a great introduction to Paul Kennedy’s The Rise and Fall of the Great Powers, one of the most important history books ever written.
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*Source: WEF report Jan 2016 – “The Future of Jobs report”
Tagged under: Paul Kennedy,The Rise Fall Great Powers,Kennedy,History,Introduction
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