A week ago, I wrote a piece on the stages of history, pointing out systemic shifts that have taken place for more than 200 years. In the last century, these shifts took place roughly 30-40 years apart with the last occurring in 1991, or about 30 years ago. That year, the Cold War ended, the Maastricht Treaty was signed, Operation Desert Storm began, and the Japanese economic miracle ended, opening the door for China’s rise. The world in 1989 was very different from the one in 1992.
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