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The Rise and Fall of the Great Powers

Paul Kennedy · 1987

"Great powers decline for a consistent structural reason across five centuries of history — military commitments grow to exceed the economic base that funds them, a pattern Kennedy called 'imperial overstretch.'"

The idea

A Yale historian studied five centuries of great-power rises and falls — Habsburg Spain, the Dutch Republic, the British Empire — and found the same failure mode recurring: military ambition outrunning the economy that has to pay for it.

Why it works
The takeaway — recall it first
Further reading

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"Dynasties rise on group solidarity forged by hardship and collapse within three to four generations as comfort dissolves the very bond that built them."

Ibn Khaldun · BookContinue→
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