The great degeneration - Niall Ferguson
how institutions decay and economies die
KORTE INHOUD
The latest work from Niall Ferguson, bestselling author of "Empire", "The Great Degneration" is based on his 2012 BBC Reith Lectures 'The Rule of Law and Its Enemies'. The decline of the West is something that has long been prophesied. Symptoms of decline are all around us today, it seems: slowing growth, crushing debts, aging populations, anti-social behaviour. But what exactly is amiss with Western civilization? The answer, Niall Ferguson argues, is that our institutions - the intricate frameworks within which a society can flourish or fail - are degenerating. Representative government, the free market, the rule of law and civil society: these were once the four pillars of West European and North American societies. It was these institutions, rather than any geographical or climatic advantages, that set the West on the path to global dominance after around 1500. In our time, however, these institutions have deteriorated in disturbing ways. Our democracies have broken the contract between the generations by ...
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