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by zenkat
336 days ago
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Check out Paul Kennedy's "The Rise and Fall of the Great Powers" for an interesting take on this dynamic for nation-states and political economies. His core thesis is that dominant powers rise as new players leverage new technologies (especially energy technologies), build complex interdependent economies centered around those technologies, but then wither and fall as they spend increasingly more on military power to monopolize and defend the chokepoints of those technologies. When a new more efficient technology comes along, they are doomed to irrelevance as they fail to capitalize on those technologies, and new players swoop in for dominance. He gives examples of the Dutch and wind power (sailing); Great Britain and coal; and America and petroleum. He also predicted China's ascendency as the next player willing to leverage new technologies. https://en.wikipedia.org/wiki/The_Rise_and_Fall_of_the_Great... |
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