Parallels Between Archaic Entrepots and Modern Offshore Banking Centers
From Observatory
The origins of urbanization shed light on modern social issues, particularly through the study of offshore banking centers, which have parallels in ancient commercial hubs. These centers, designed by lawyers and accountants in the 1960s, offer secrecy and tax avoidance, contrasting with the regulatory frameworks of nation-states.
Entrepots, whether ancient or modern, share several features:
- Lack of Political Autonomy: Offshore centers often emerge from former colonies or territories lacking independence, providing sanctuary from national taxes and laws.
- Strategic Commercial Locations: Positioned on islands or key transport hubs, entrepots facilitate trade and commerce, much like ancient sites of sacred festivals or games.
- Protected Against Attack: Though lacking military forces, modern enclaves are militarily safe due to their unique status, fostering commerce free from regulations and taxes.
- Political Neutrality: Throughout history, thereʼs been a pursuit of neutral territories for commerce, as seen in ancient towns and island entrepots.
- Forums for Social Cohesion: Ancient entrepots, like Dilmun/Bahrain, served as commercial centers while promoting rituals of social cohesion.
- Facilitation of Commercial Development: The sacred status of entrepots, akin to temples, facilitated commercial growth while respecting traditional social values.
The study of ancient and modern urbanization reveals enduring patterns in commercial development and governance, offering valuable insights into contemporary social and economic structures.
Read full article "Parallels Between Archaic Entrepots and Modern Offshore Banking Centers" by Michael Hudson.
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