The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Last year both South and North Korea celebrated the twentieth anniversary of their establishment as separate political entities. Each had, at its inception, claimed the entire Korean nation as its legitimate domain, and each vowed to rid the other of the foreign power that was said to have created it. The year 1968 was also an anniversary of two other events. It was the 4300th anniversary of the legendary founding of the Korean nation, and the 1300th anniversary of the Silla Unification in A.D. 668, when the nation was brought under a single, centralized political rule. The irony of commemorating concurrently two decades of cold-war division and thirteen centuries of unified nationhood under a highly centralized political system was not lost on the Korean people.
The three dynasties which had ruled Korea during its thirteen-hundred years of unification had brought about one of the most completely homogeneous nations in the world.