Economic-History

This post examines the development strategies of today's wealthiest nations during the centuries in which they became wealthy, drawing on archival evidence from Britain, the United States, Germany, Japan, and other industrial powers. It places those strategies alongside the policy prescriptions those same countries currently deliver to the developing world. The gap between what rich countries did and what they now recommend is the central subject of the inquiry.

This post examines the dominant narrative about globalization — its origins, its internal logic, and its relationship to the actual historical record. Drawing on comparative development data from the post-war period through the present, it asks whether the policies prescribed to poor countries today bear any resemblance to the policies that made rich countries rich. The stakes are not academic: how a country understands the history of capitalism determines whether it believes it has options.

A four-part forensic examination of how the Suez Canal concession of 1854 set in motion a chain of financial, agricultural, and sovereign losses that culminated in British occupation. Anchored in primary sources and economic data.

From the forced sale of canal shares in 1875 to the British occupation of 1882 to the cotton monoculture that turned a food-exporting nation into a food importer — the endpoint of a chain that began with a handshake in 1854.

From the forced sale of canal shares in 1875 to the British occupation of 1882 to the cotton monoculture that turned a food-exporting nation into a food importer — the endpoint of a chain that began with a handshake in 1854.

Egypt already had a working transit corridor before the canal opened. This post reconstructs what a rail-based developmental state could have produced — and why it was never allowed to exist.

How £6 million in construction debt became £100 million in sovereign liability, and how European bankers ensured that Egypt paid three times over for a canal it did not own.

How a friendship between a French diplomat and an overweight Egyptian prince produced the most consequential — and lopsided — infrastructure contract of the nineteenth century.

The story of John Law's paper money system that created Europe's first speculative bubble.

Exploring how Bauhaus principles of durability and sufficiency directly threatened the growth-dependent capitalism that would come to dominate the 20th century.