Capital is a hermit cancer

Blogger Pavel Pryanikov writes :

“Continuing to read the great economic historian Giovanni Arrig, his book“ The Long Twentieth Century ”.

We are used to perceiving the colonial empires of Spain and Portugal as independent projects. But Arriga refuses to sovereignty these two countries and proves that the whole New World is a project of Genoese capital. This is the first world experiment of Hegemon, which in the future will become the norm: capital separately - the country separately, and they can be different in nature. Arrigi compares their cohabitation as a symbiosis of hermit cancer and shell. Cancer here is capital, he is looking for a sink as a way of protection. When he develops the sink, he is looking for another, more extensive.

So capital moved from Genoa to Spain. From there - to Holland. From it - to England, then in the new Hegemon - the USA.

Another observation of Arriga: Germany was always an indefatigable competitor to this cosmopolitan capital, since the 16th century. And each hegemon tried to erase Germany into powder, to a lesser extent - France. Arrigi writes:

“ This turn began in the 1530s, when American white metal supplies were supplanted from the market by German silver, thereby destroyed the trade foundation of the German nation and the foundation of the Genoese nation was strengthened. In the same years, the Genoese began to hold their own fairs competing with the Lionian nation.

This escalation began with a crisis of 1557-1562. It was during this crisis that German capital was supplanted from high finances by Genoese capital. More importantly, the Genoese introduced the system of Asientos -contractions with the Spanish government, which gave the Genoese complete control over the supply of American silver to Seville in exchange for gold and other “good money” supplied to Antwerp, which quickly became the main center of operations of the imperial Spanish army. ”

(Then the Genoese capital, which became more international due to the Jewish merchants of Iberia grown by him, realized that it was time to move from Spain, squeezed out of leisure, to the new sink - Holland). ”