The Armenian genocide showed what could happen when empires were beaten into nations.

It’s our generation that is witnessing the end of Western predominance. The average American used to be more than 20 times richer than the average Chinese. Now it’s just five times, and soon it will be 2.5 times.

The British press has an insatiable appetite for making public things that should be private. It's a prurience that I've never understood.

The Japanese Co-Prosperity Zone began as a racist utopia and ended as a cross between an abbatoir, a plantation and a brothel.

For 500 years the West patented six killer applications that set it apart. The first to download them was Japan. Over the last century, one Asian country after another has downloaded these killer apps- competition, modern science, the rule of law and private property rights, modern medicine, the consumer society and the work ethic. Those six things are the secret sauce of Western civilization.

Why did the Germans and Japanese keep fighting after 1943 when every rational hope of victory had disappeared?

When bond prices fall, interest rates soar, with painful consequences for all borrowers.