Decline and fall of empires

In the last decade, the US security elites seized power from Wall Street for greedily selling out American hegemonic interests. — Bloomberg

EVERY empire has its grand historian to explain more its successes than failures. In 1776, when Adam Smith published his classic “Wealth of Nations”, British essayist Edward Gibbon (1737 to 1794) wrote an equally famous text, “History of the Decline and Fall of the Roman Empire”.

The year 1776 was a historical turning point, when Britain lost her American colonies, even as she focused on conquering India 19 years after the 1757 victorious Battle of Plassey against the Mogul empire and their French allies.