Peter Jones

Ancient and Modern: Too big not to fail

Too big not to fail

issue 17 September 2011

Commentators bang on endlessly about the desirability of a ‘global world’, with every economy linked seamlessly to every other. But when it goes wrong, as it has done in the last three years, the painful consequences are equally global. Ask the Romans.

The Roman empire stretched from Britain to Iraq and from the Rhine-Danube to the northern edges of the Sahara desert. At its largest extent (c. ad 117) it probably comprised about 50 to 60 million people and covered 2.5 million square miles. When Rome took over a province, the local elites continued to run the show, as they had always done, but now under the ultimate jurisdiction of Rome’s governor and his remarkably small staff. The one fixed condition was that Rome got its taxes and could station its army there, when needed (in fact, only Britain required a constant legionary presence).

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in