Investors should head for the bunkers

MoneyWeek cover illustrationTensions are rising between the West and Russia, and this will impact the economy. Prepare to protect your investments, says John Stepek.

Two countries with a McDonald’s have never gone to war with one another. That theory – posited by New York Times columnist Thomas Friedman in the mid-1990s – has become one of the clichés of the globalisation era.

When political scientist Francis Fukuyama talked theoretically about “the end of history” in 1989, the ‘McDonald’s theory of war’ was what it meant in [...]

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