The Age of Bullies.
I was going to call it "The Age of Empires". But that is not accurate. You would have thought that human existence would have said goodbye to this rubbish. But alas, thanks to the brilliance of Putin, Xi and Trump, it's back in fashion. Financed by the technology bros and Russian oil oligarchs who think they are one step under gods. If you are big and can bully other nations, you're the man! Debt is a real problem too. The more debt a country has, the less adaptable they are. The less the can absorb shocks, whether they are man made or financial shocks. They all end up hitting the bottom line. And whether that debt is externally or internally owed, in the end someone eventually takes the haircut. That could make big bully countries that owe a lot of debt even more aggressive. Why make yourself unpopular with your own people by forcing them to take a haircut when you can force people in another country to take the haircut for you. So countries like China which owes may...