US could fall like the Medici dynasty – RT’s Keiser Report
Max Keiser and Stacy Herbert look into whether the United States has entered the vicious ‘Medici cycle’, where money is used to get political power and political power is used to make money.
Max and Stacy refer to the work of finance professor at the University Of Chicago Booth School Of Business, Luigi Zingales. The economist in his work recollects Italy of 13th to 16th century, where rich and powerful families ran the city-states with their own commercial interests as the main objective.
Modern America can be compared to the example in Zingales’ work, according to Keiser and Herbert, and may face the same downfall as the House of Medici.