Palak Patel is an investor who spent a decade specialising in South Asia and Latin America. His book The Tyranny of Nations: How the Last 500 Years Shaped Today's Global Economy draws an analogy between the Dutch and British Empires, as well as the US today. Via the dominance of their currency and financial institutions, they each shaped the global economy and steered it in their favour when they were dominant. All three seem to have followed similar cycles, and Patel argues that we can foresee the trajectory of the USA by understanding this.

We discussed this book and these long cycles, as well as broader points about political actions and how we can change our institutions for the better.

Originally recorded on 17th September 2024.

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