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Premature financial deregulation in south-east Asia led to a proliferation of family-business-controlled banks which did nothing to support exportable manufacturing and which indulged in vast amounts of illegal related-party lending. It was a story of banks being captured by narrow, private sector interests whose aims were almost completely unaligned with those of national economic development.

How Asia Works

Joe Studwell

Some scholars imagine ancient hunter-gatherer societies as peaceful paradises, and argue that war and violence began only with the Agricultural Revolution, when people started to accumulate private property. Other scholars maintain that the world of the ancient foragers was exceptionally cruel and violent. Both schools of thought are castles in the air, connected to the ground by the thin strings of meagre archaeological remains and anthropological observations of present-day foragers.

Sapiens

Yuval Noah Harari

The most important impact of script on human history is precisely this: it has gradually changed the way humans think and view the world. Free association and holistic thought have given way to compartmentalisation and bureaucracy.

Sapiens

Yuval Noah Harari

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