Why the Thucydides Trap has EVERYTHING to do with Markets...

👉 On Substack? Visit - https://research.santiagocapital.com 👉 Shop Individual Macro Research Reports - https://santiagocapital.com/shop 👉 Put Your Gold to Work - https://www.monetary-metals.com/santiago Everyone quotes the same line from Thucydides: The strong do what they can, the weak suffer what they must. Jonathan Kirshner says we have been reading it backward. The Melian Dialogue is not a defense of raw power. It is the setup for the disaster that destroyed Athens. Athens crushed a neutral island that only wanted to be left alone, then sailed for Sicily and lost everything. The trap was never the rising rival. It was a strong power that mistook its strength for permission. What does this have to do with markets? Nothing. And Everything... All this and more on this week's episode of Milkshakes, Markets, & Madness. MMM Episode 175 (July 19, 2026)