Date: June 5th, 2008

The first thing that flees is capital

5 June, 2008 (08:42) | Capital markets, Finance, Global news, Kenya, Markets, Theory | No comments

When a country explodes into violence, what we see are images of property destroyed:
 

From BBC Site: People walk around the charred remains of a market in Nairobi’s Kibera slum
 
…but the true damage is less visible, for whereas property can only be burned down, capital can flee – and it flees much, much faster than any [...]