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Radical Personal Finance

1020: The Death of the Nation State?

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 21 May 2024

⏱️ 80 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

The analysis and arguments you're about to hear were published in 1997.

0:05.0

You can judge for yourself the prescience or the myopia of these arguments.

0:12.0

The life and death of the nation state. of these arguments.

0:12.8

The life and death of the nation state, democracy and nationalism as resource strategies

0:18.4

in the age of violence.

0:22.1

Quote, most important of all, success in war depends on having enough money to provide whatever the enterprise needs.

0:30.0

Robert de Balzac, 1502

0:35.0

The Rubble of History

0:38.0

On November 9 and 10, 1989,

0:42.0

Television broadcast to the world scenes of exuberant East Berliners

0:46.1

dismantling the Berlin Wall with sledgehammers.

0:49.9

Flegeling entrepreneurs among the crowd picked up pieces of the wall that were later marketed to capitalists

0:55.6

far and wide as souvenir paperweights.

0:59.4

A brisk business in these relics was done for years thereafter.

1:04.2

Even as we write, one can still encounter occasional ads in small magazines, offering bits of

1:10.0

old East German concrete for sale at prices ordinarily commanded by high-grade silver ore.

1:18.2

We believe that those who bought the Berlin wallpaper weights should be in no rush to sell.

1:25.7

They hold momentos of something bigger than the collapse of communism.

1:29.9

We believe that the Berlin Wall became the most important pile of historical rubble since the walls of San Giovanni were blasted to smithereens almost five centuries earlier in February 1495.

1:43.6

The leveling of San Giovanni by the French King Charles the 8th was the first blast of the

1:48.9

gunpowder revolution.

1:50.9

It marked the end of the futile phase of history and the advent of industrialism, as we outlined earlier.

...

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