Tuesday, September 23, 2008

Financial capital of the world

This got me thinking: most older countries (the UK, Japan, France and Spain) have their financial and political capitals located in the same place. But newer countries, such as Italy, Germany, Canada and the US tend to have separate seats for political and financial power.

Does this week's collapse of New York and rise of Washington mark an epochal coming-of-age for the US?

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