In 1831, Alexis de Tocqueville and his friend Gustave de Beaumont visited the United States on behalf of the French government to study American prisons. In their nine months in the U.S. they studied...
He calculates that the so-called Icelandic “financial elite” consisted of no more than 30 people. The new banks funded the politicians who had privatised them and global expansion came to follow...
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