Frontier Capitalism’s Latest Frontier
Speaking of frontier capitalism, or “extreme capitalism” if you prefer, I recently discovered that one of the most isolated and interesting places on earth is now booming, economically-speaking. I am referring to of all places, Mongolia.
If you are a history buff like myself you no doubt have a fascination with Genghis Khan and the Mongol Hordes who swept across Asia and Europe roughly 800 years ago. If there’s a documentary on Mongolia and its people, you can bet your money I have seen it. The Mongols were perhaps history’s most intimidating warriors. Try to imagine a Mongol horde of 300,000 horsemen thundering across the Russian steppes towards your city.