The Cold War and Its Effects on the International Financial System

There has been the building of parallel institutions to those in the west for quite some time. We are changing from a world in which the rails of globilization, like finance and the internata, are all held by the west. New systems that serve the same function ar being built by illiberal states such as china or russia. And what we're on the precipice of is kind of a battle between open networks,. permissionless networks and closed networks.