In this discussion with SmallCapPower at Mines and Money London 2017, I examine where the world is headed and how political, economic, and cultural forces are reshaping the global order.

The discussion looks at the decline of Western confidence, the rise of China and East Asia, the fragility of the Third World, and the deeper institutional and moral forces that determine whether societies advance or decay. Markets, geopolitics, and civilization cannot be understood in isolation; they are all shaped by culture, incentives, and the quality of the human beings who operate institutions.

Watch the full discussion below:

Key Takeaways:

• Why the world is moving away from old assumptions about Western dominance
• How China and East Asia are reshaping the global balance of power
• Why much of the Third World remains trapped by weak institutions and cultural dysfunction
• How geopolitics, markets, and civilization are linked
• Why investors must understand culture and institutions before judging global trends