"Every perception is to some degree an act of creation, and every act of memory is to some degree an act of imagination."

-- Gerald Edelman, Second Nature: Brain Science and Human Knowledge
8 The Capital War10 The Capital WarThe Capital WarChapter 7: US-China Relations and Wars2020-10-18JournalAs previously explained and shown in the development of the Dutch, British, and American empires, the development of the world’s leading capital markets and the world’s capital market centers of Amsterdam, London, and New York was an essential step in each empire’s development to become the leading empire and has traditionally lagged the country’s fundamentals the way the Chinese capital markets and Shanghai as a financial center (and to a lesser extent Hong Kong and Shenzhen) have lagged China’s developments. Continue reading…