Reverse Economic Imperialism (REI)

BY DOMINIC WIGHTMAN Charles Mackay, in his Extraordinary Popular Delusions and the Madness of Crowds wrote, “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” 1 History is in great part the history of the crowd. What the crowd thinks is what counts. Crowds tend … Continue reading Reverse Economic Imperialism (REI)

The Economic Imperialist Misdirection

BY DOMINIC WIGHTMAN I get called an imperialist quite a lot. This has much to do with being a white-skinned, green-eyed Englishman with links to the mining sector, who regularly travels on business to West Africa and South-East Asia. Unfairly, I get mistaken for a gringo when we are in my wife’s homeland of Venezuela, where Americans were referred to by the late Hugo Chávez … Continue reading The Economic Imperialist Misdirection