Globalization - The 1914 Effect?
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Posted by Hal Neumann (+8090) 2 months ago
“The 1914 Effect: The Globalisation Counter-Reaction”
--Buttonwood
THE ECONOMIST
June 14, 2017
http://www.economist.com/...d1b1bf8a77

“WHEN the Archduke Franz Ferdinand was assassinated in 1914, there were few initial indications that world war would follow. In retrospect, many people have argued that the killing was a freak event that should not have resulted in the folly of war.

But was the subsequent war really an exogenous event? Or was it the near-inevitable consequence of the tensions resulting from the first great era of globalisation? If Franz Ferdinand had survived, maybe something else would have triggered the conflict. If the latter possibility is right, that may be a warning sign for the current era.”
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