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Okay, I think I understand what you're saying. It certainly is easy to project the geopolitical status quo infinitely into the future, and just as certainly th
by noaharc 17y ago
Okay, I think I understand what you're saying. It certainly is easy to project the geopolitical status quo infinitely into the future, and just as certainly that is wrong. But I think financial centers shift slowly -- we've only really seen three (London, New York, and Amsterdam) in as many centuries. Moreover, the traditions and rules of the predecessors are often carried over to the successors, and we can probably expect this continuity to be even stronger in the future, given the greater degree of global interconnectedness.
So I guess what I'm saying is that it will be some time before we seen a financial industry like that of the turn of the 21st century, no matter where you look.
- Rod 17y ago"So I guess what I'm saying is that it will be some time before we seen a financial industry like that of the turn of the 21st century, no matter where you look." I agree. And, honestly, that could be a wonderful thing. Now that the New Gilded Age seems to be over, maybe people can cool their heads off and get back to reality...