though the last few decades have been an unprecedented golden age for humanity, it is too early to know whether this represents a fundamental shift in the currents of history or an ephemeral eddy of good fortune.
we are witnessing the formation of a global empire. Like previous empires, this one, too, enforces peace within its borders. And since its borders cover the entire globe, the World Empire effectively enforces world peace.
An oil-rich country cursed with a despotic government, endemic warfare and a corrupt judicial system will usually receive a low credit rating. As a result, it is likely to remain relatively poor since it will not be able to raise the necessary capital to make the most of its oil bounty.