Viktor Shvets > Quotes

“Barbara Tuchman defined a folly as an action by the state that was against its national interest, and despite being recognized as such, follies were policies that were maintained for a prolonged period, thus inflicting considerable societal and economic damage.”
― Viktor Shvets, The Great Rupture: Three Empires, Four Turning Points, and the Future of Humanity

“Dani Rodrik, professor at Harvard University, formalized the reasons for the collapse of the Bretton Woods system and why the post-Bretton Woods arrangements were also destined for disaster as the “Political Trilemma of the World Economy.”5 According to Rodrik, one can’t have deep economic integration, nation-states, and local democracy. We can combine any two of the three, but never all three simultaneously, and not in full.”
― Viktor Shvets, The Great Rupture: Three Empires, Four Turning Points, and the Future of Humanity