I much liked this post by Parag Khanna in Foreign Policy (January 13).
Excerpts:
This is precisely the theme I developed in my book, The Second Twentieth Century (Hoover Press, 2006). Due to the extraordinary new abundance of information, market expands everywhere while hierarchies, states included, tend to contract. The optimal state size is shrinking, or at least not increasing, at a time when population is growing. Then, the smallest states can prosper when global markets expand, due to much reduced transaction-information costs. And, I added, shrinking states have no reason to go at war with each other.
I look forward to reading Khanna's new book.
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