And with financial systems generally being susceptible to contagions, there may be something to be said for having numerous financial systems running parallel to eachother rather than putting all our eggs in one basket.
And when you look at what had to happen in Northern Ireland in order for peace to come about, is there has to be some recognition and understanding on each side of the other side.
Though there are many more bonds than equities, they are far more homogenous, and thus can be relatively easily substituted foreachother in portfolios.