Empires on the Edge of Chaos (Prof Niall Ferguson)
Wednesday, 12 January, 2011 1 Comment
If you can spare an hour (or so) please listen to what Prof Ferguson has to say. Initially I was on really interested to hear what he said about the relationship between Empires – Complexity Theory – Economics but I was unable to drag myself away.
BUT do yourself a favour, skip the intro (it’s torture), click to “Watch Full Program” and, at least, spare 8mins to absorb Chapter 4. Unless you are pressed for time…or already know everything…you WILL watch more.
As he says, he is no Economist but I have heard more FACTS, forthright and common sense opinion from him than from many proponents…that’s the Scots for you!
He reminds us Brits about the scale and pace of the decline of our Empire.
He tells Americans what you don’t want , but need to hear…without any political spin or Fed endorsed guesswork.
Elements of this lecture reminded me of my recent blog “Disaster Myopia” but, of course, since starting blogging almost 2 years ago I have made several references to the work of Joseph Tainter (Collapse of Complex Societies) and to Ulrich Beck (The Risk Society)
Current societies…are characterised by their extreme complexity at a moment in history in which traditional political institutions have lost much of the power, a power which has now passed into the hands of multinational companies