Business and Polity explores, through a variety of economic and political formations over the past two and a half millennia, right from the Greco-Roman civilization to present day globalization, the behavior of two power networks: those who control the levers of political power and those who engage themselves in wealth-generating activities. It traces the dynamics of interdependence between these two powerful networks and what happens when one or the other becomes more powerful.
The rational and logical approach taken by the author reveals the links that our modern state of affairs has with the experience of past civilizations—knowledge that can potentially enhance our ability to make informed decisions to shape the global future. Though the content is academic and interdisciplinary in scope and nature, its lucid presentation will appeal to a wide range of readers who are interested in geopolitical issues and economic, political and business history.
Chapter 19: Pax Britannica: Rise and Fall of British Hegemony
Pax Britannica: Rise and Fall of British Hegemony
Imperialism cannot be explained in simple terms of economic theory and the nature of finance capitalism. In its mature form it can best be described as a sociological phenomenon with roots in political facts: it can properly be understood only in terms of the same social hysteria which has given birth to other and more disastrous forms of aggressive nationalism.
The Atlantic world economy brought about a perceptible shift in the geo-political power balance in Europe over three centuries; 1688 marked the beginning of that shift, presaging the outbreak of a second Hundred Years' War between Britain and France and her allies, particularly Spain, for the profits of global commerce. ...