30 June 2011

Edge of Chaos ~ Niall Ferguson on Empires...

Economic historian and author Niall Ferguson speaks about Empires on the Edge of Chaos...
"Throughout history the rise and fall of empires isn't slow or cyclical, as we like to think, but arrhythmic... it mostly happens very, very suddenly. America is a superpower on the edge of chaos [...] U.S. debt levels and its unwillingness to address the problem, has put it in the same category as other great empires which have collapsed throughout the ages."

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