, Columnist
China’s Belt and Road Has That Soviet Feeling: Weekend Edition
Here are Bloomberg Opinion’s top stories of the week.
Can China see where it’s going?
Photographer: NICOLAS ASFOURI/AFP/Getty Images
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“What causes empires to fall?
“According to one influential view, it’s ultimately a question of investment. Great powers are the nations that best harness their economic potential to build up military strength. When they become overextended, the splurge of spending to sustain a strategic edge leaves more productive parts of the economy starved of capital, leading to inevitable decline.