All empires since the Dutch have used capitalism to create a virtuous cycle that leads to an empire’s demise.What happens when an empire can no longer borrow the money necessary to repay its debts? History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where: 1) The empire can no longer borrow the money to repay its debts 2) It prints a lot of new money, which devalues the currency and raises inflation 3) Living standards decline, leadin