The Fatal Shore

Nearly 20 years ago Robert Hughes published The Fatal Shore: The Epic of Australia’s Founding, still perhaps the definitive historical treatise on Australia’s founding from the continent’s discovery by the West to Britain’s decision to...

Globalization Forever?

Along with Brexit and the apparently unsinkable Trump, another surprise has been brewing on the world stage and I hope you’ve noticed. Globalization—measured by the most fundamental and reliable metric, crossborder trade volume—has ended its ever upward...

Brexit: Deep Breath

No, I didn’t see that coming either. But since the preferences of elite opinion-makers seem to be taking it on the chin around the world, perhaps we shouldn’t have been so surprised. From the perhaps insulated vantage-point of a country where EU membership...

Financial Centers Can Shift

Some time ago In my online travels, I came across “Delancey Place,” a marvelous site that gives new meaning to the word “eclectic.” Delancey Place describes its mission as follows: is a brief daily email with an excerpt or...

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