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# Achilles Skordas
- URL: https://www.opendemocracy.net/en/achilles-skordas/
- Published: 2011-05-13T10:05:05.000Z
- Updated: 2026-04-17T11:33:48.000Z
- Author: Achilles Skordas
- Tags: #en, #Migrated, #Import 2026-04-09 18:59, #ImagesUploaded

By 2050, and as a consequence of the deep and persistent world debt crisis, kleptocracies had to sell-out large parts of state-controlled sectors of the economy, losing their grip over resources and clientele. Dictatorships were swept away, and the world economy was rebuilt from the bottom-up through transnational systems of economic governance and the introduction of regional currencies. As the Chinese economic model suffers a major crisis, economic liberals and value conservatives in the Communist Party compete openly for power in general elections.

![Utagawa Yoshitora, Online Collection of Brooklyn Museum](https://storage.ghost.io/c/3f/80/3f804bea-4b2d-4ddf-9ff0-6ec7d0afa5fa/content/images/2026/04/Utagawa_Yoshitora_Online_Collection_of_Brooklyn_Museum_M1mzB7x-1776425618565.jpg)

Utagawa Yoshitora, Online Collection of Brooklyn Museum

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Utagawa Yoshitora, Online Collection of Brooklyn Museum

Author: Achilles Skordas