Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
In earlier centuries, it was the norm for kings to rule and kingdoms to reign supreme. The modern day concept of the nation state is a relatively new phenomenon when one considers the arc of history.
For instance, it was only during the time of the Renaissance and the Enlightenment in the late 17th and 18th centuries in Europe for the concept of the nation state to be born.
The leading thinkers of that era speculated on the social contract between man and the state and posited the idea that a form of a nation state that takes care of its citizens by giving them rights and at the same time by placing certain responsibilities on them. This was the guiding principle behind the Treaty of Westphalia that gave birth to the rise of the modern nation state.
Hence, the modern conception of the nation state is said to be the Westphalian norms of governance.
Of course, the 17th and 18th centuries witnessed the birth of the nation state only in Europe and the United States where the American Revolution brought forth the concept of a state. It was after the Civil War between the North and the South that the overriding theme of unification and the birth of the American state known as the United States of America came into existence.
As for the other parts of the world, they either were ruled by Kings and Princes or were colonized by the Western powers.
Countries like India were under the dominion of the British who ceded independence only in the aftermath of World War Two.
Talking of World War Two, it can be said that it was the decisive turning point in the history of humanity as the end of the war brought forth into existence many nation states.
The growth of the modern nation state picked up pace after the war and during the 1960s when many African states became independent from their colonial rulers. Further, with the spread of modern communication technologies, it was easier for the indigenous people to rise up as a unit and overthrow their colonial masters thus accelerating the birth of the modern nation state.
However, it has to be noted that despite these changes, the concept of the nation state has been under attack from both globalization and internal fissures. This is a rather sad aspect of the modern day nationality as globalization has meant that nation states cede power to the giant conglomerates and corporations and at the same time the resistance to globalization in the form of revolts leads to corrosion in the authority of the state.
Finally, the recent Arab Spring has again raised hopes about the spread of freedom and the desire of the peoples of the world to be governed by representative democracies instead of by authoritarian rulers. It is with the hope that the retreat of democracy would be temporary and the age old yearning of the human spirit to be free would be actualized that this article ends.
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