Empires are great for wealth creation. America has constructed an empire-that's-not-an-empire through internationalist orgs like NATO, the IMF, the UN, etc. Be

Empires are great for wealth creation. America has constructed an empire-that's-not-an-empire through internationalist orgs like NATO, the IMF, the UN, etc. Before we had Pax Britannica and Pax Romana. Now we have Pax Americana. But probably Pax Americana will go just like Pax Britannica and Pax Romana. I don't think we've reached the end of history yet.