Except for a few memorial plaques and an equestrian statue of Genghis Khan, nothing in the rather bleak city of Ulaanbaatar reminds us that this remote corner of the world was once the center of the earth, back when the Mongols‘ world domination spanned almost the entire Eurasian continent – from China to Persia and Iraq to Russia. And anyone who visits little Austria today, a sleepy country nestled in the mountains, would find it hard to imagine that Vienna ruled over a multinational state for centuries. What shall we, finally, say about England, the predominant industrial power until a little over a hundred years ago, which at its peak was ruling over several continents? Today it has lost almost all of its once illustrious industries. England would be a poorhouse without its still vibrant financial sector and the oil off its shores. Sic transit gloria mundi!
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