The Guardian view on globalisation: the world system risks undoing itself

The Guardian view on globalisation: the world system risks undoing itself

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Next year marks the 110th anniversary of a global financial crisis that shaped the world. The crash of 1914 was the biggest systemic crisis that the City, the centre of imperial rent extraction, had faced. It was also, at the time, a largely unremarked upon event. The unprecedented closure of the…

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