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| Link | Quote | Stars | Tags | Author |
| 5b2cf67 | an Empire-less Britain would be just a 'cold and unimportant little island where we should all have to work very hard and live mainly on herring and potatoes'. | Niall Ferguson | ||
| f5e906a | If our ancestors had cared for the rights of other people,' he had reminded his Cabinet colleagues in 1878, 'the British Empire would not have been made. | Niall Ferguson | ||
| 3068f2f | La carrera de Morgan ilustra perfectamente el modo como se construyo el imperio, que consistio en la transicion de la pirateria al poder politico, hecho que cambiaria el mundo para siempre. | Niall Ferguson | ||
| d719b7f | Without the spread of British rule around the world, it is hard to believe that the structures of liberal capitalism would have been so successfully established in so many different economies around the world. | Niall Ferguson | ||
| 2d871a5 | Today 350 million people speak English as their first language and around 450 million have it as a second language. That is roughly one in every seven people on the planet. | Niall Ferguson | ||
| 1785b09 | Only after Eden agreed to leave Egypt unconditionally did Eisenhower arrange a billion-dollar rescue package from the IMF and the Export-Import Bank. | Niall Ferguson | ||
| 08ed731 | Only general officers were entitled to know our true rank. To all others our standard reply to the inevitable question, "What is your rank?" was simply a firm, "My rank is confidential, but at this moment I am not outranked."39" | Niall Ferguson | ||
| 086a297 | Though we hear much less about it, India had made a bigger contribution to the imperial war than Australia in terms of both finance and manpower. | Niall Ferguson | ||
| cb24ca6 | The British had built railways across their Empire with the labour of Asian 'coolies'. Now, in one of the great symbolic reversals of world history, the Japanese forced 60,000 British and Australian PoWs - as well as Dutch prisoners and conscripted Indian labour - to construct 250 miles of railway through the mountainous jungle on the Thai-Burmese border. | Niall Ferguson | ||
| f2acd51 | It was misconceived because Johnson appeared to think the kind of tactics that worked in a Texas saloon would work in Vietnam: beat a man, then stop beating him and say, "Give in, or I'll beat you some more." | Niall Ferguson | ||
| 77f915a | Just as Hitler had predicted, it was rival empires more than indigenous nationalists who propelled the process of decolonization forward. | Niall Ferguson | ||
| 780b6c5 | In the early 1950s, Harold Macmillan declared that the choice facing the country was between 'the slide into a shoddy and slushy Socialism (as a second-rate power), or the march to the third British Empire'. After Suez only the first option seemed to remain. | Niall Ferguson | ||
| 9ae5ab6 | Let every nation know," declared Kennedy in his inaugural address, "that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, in order to assure the survival and the success of liberty." -- | Niall Ferguson | ||
| 339e5cc | there could be no planning because no one had time for it | Niall Ferguson | ||
| 1e1394a | rumours can go viral without sophisticated information technology. | Niall Ferguson | ||
| a513c1f | The performance of the American stock market is perhaps best measured by comparing the total returns on stocks, assuming the reinvestment of all dividends, with the total returns on other financial assets such as government bonds and commercial or Treasury bills, the last of which can be taken as a proxy for any short-term instrument like a money market fund or a demand deposit at a bank. The start date, 1964, is the year of the author's bi.. | Niall Ferguson | ||
| 2ac4c23 | It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds - by a factor of roughly five over the twentieth century. | Niall Ferguson | ||
| b5941cc | Above all, the Trump campaign, like the British Vote Leave campaign, made full use of Facebook's ad-testing capability, trying tens of thousands of variants to establish what worked best on the voters being targeted. | Niall Ferguson | ||
| 1f96c38 | It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds - by a factor of roughly five over the twentieth century.9 This can scarcely surprise us. Bonds, as we saw in Chapter 2, are no more than promises by governments to pay interest and ultimately repay principal over a specified period of time. Either through default or through currency depreciation, many governments have.. | Niall Ferguson | ||
| ebe2b34 | the Dutch had improved on the Italian system of public debt (introducing, among other things, lottery loans which allowed people to gamble as they invested their savings in government debt). They had also reformed their currency by creating what was arguably the world's first central bank, the Amsterdam Exchange Bank (Wisselbank), which solved the problem of debased coinage by creating a reliable form of bank money (see Chapter 1). But perh.. | Niall Ferguson | ||
| 0e1e54e | however, the round trip was a very long one (fourteen months was in fact well below the average). It was also hazardous: of twenty-two ships that set sail in 1598, only a dozen returned safely. For these reasons, it made sense for merchants to pool their resources. By 1600 there were around six fledgling East India companies operating out of the major Dutch ports. However, in each case the entities had a limited term that was specified in a.. | Niall Ferguson | ||
| 568e6c2 | rigid structures of a hierarchical order can disintegrate with astounding rapidity. | Niall Ferguson | ||
| b7943d6 | networks tend to be more creative than hierarchies | Niall Ferguson | ||
| aa9e292 | billions of things linked to one another in myriad ways | Niall Ferguson | ||
| 98353ef | American society was justly famed in the nineteenth century for the richness of its associational life. Indeed, as we have seen, Alexis de Tocqueville had seen this as one of the foundations of the country's success as a democracy. Yet the very ease with which social networks could form in the United States created a vulnerability that was ruthlessly exploited by a foreign network imported into the country during the great influx of migrant.. | Niall Ferguson | ||
| 9a0f4c9 |
Ricos y pobres, parece que los estadounidenses ven la bancarrota como un < |
Ferguson Niall | ||
| 5cb9b2e | six degrees of Monica Lewinsky, | Niall Ferguson | ||
| 8f13776 | It is not the fault of the mirror if it reflects our blemishes as clearly as our beauty. | Niall Ferguson | ||
| 4cce3e5 | more likely to have creative ideas (or less likely to suffer from group-think). | Niall Ferguson | ||
| baeb00e | the first symptoms of decline. "The collapse of nations," he argued, was due to "internal rigidity coupled with a decline in the ability, both moral and physical, to shape surrounding circumstances. . . . What would have been Western history if the knights who defeated the Arabs at Tours had surrendered because they believed in the historic inevitability of the triumph of Christianity? Central Europe would today be Moslem."134" | Niall Ferguson | ||
| 002b873 | My generation feels like it's the lucky one,' she told me one night. 'Our grandparents had the Great Leap Forward, our parents had the Cultural Revolution. But we get to study, to travel, to make money. So I guess we really don't think that much about the Square thing. | Niall Ferguson | ||
| 79648a9 | on Facebook 'the user is the product | Niall Ferguson | ||
| ff5ced2 | hierarchies are just special kinds of network in which flows of information or resources are restricted to certain edges in order to maximize the centrality of the ruling node. | Niall Ferguson | ||
| 6b41683 | The Portuguese did not arrive with many products of their own to offer Asian consumers (though they did bring some slaves and gold from their West African outposts). That was not the point. Nor did they come as conquerors, intent on acquiring territory or new subjects for their king. What the Portuguese had was a series of technological advantages that made their bid to establish a new and superior trade network viable. | Niall Ferguson | ||
| 311ef6b | Portuguese craftsmen such as Agostinho de Goes Raposo, Francisco Gois and Joao Dias perfected the construction of nautical instruments. The Portuguese caravel - and its successors the great nau (1480) and the galleon (1510) - were also significantly better than other sailing ships of the time. Finally, with the Cantino Map of 1502, the Portuguese achieved a breakthrough in cartography: the first modern projection of the world's geography, w.. | Niall Ferguson | ||
| 01aabcb | Globalization is in crisis. Populism is on the march. Authoritarian states are ascendant. Technology meanwhile marches inexorably ahead, threatening to render most human beings redundant or immortal or both. How do we make sense of all this? | Niall Ferguson | ||
| 63818ea | technology has enormously empowered networks of all kinds relative to traditional hierarchical power structures - but that the consequences of that change will be determined by the structures, emergent properties and interactions of these networks. | Niall Ferguson | ||
| fff1869 | Considerations on Representative Government (1861) - that they enjoy the benefits of her uniquely advanced culture: first, a better government: more complete security of property; moderate taxes; a more permanent ... tenure of land. Secondly, improvement of the public intelligence; the decay of usages or superstitions which interfere with the effective implementation of industry; and the growth of mental activity, making the people alive to.. | Niall Ferguson | ||
| 6af1b12 | Communism was a distinct possibility until the coup of 1989'.2 Yet it was obvious to any attentive visitor to the Soviet Union that something was amiss with the planned economy. Consumer goods were of dismal quality and in chronically short supply. In antiquated factories, pilfering, alcohol abuse and absenteeism were rife. It is hard to believe that any amount of computing power would have saved such a fundamentally flawed system. For the .. | Niall Ferguson | ||
| ed1012f |
Como senalaba Hayek: < |
Niall Ferguson | ||
| aea3b71 | The leaders of continental Europe would indeed plough relentlessly ahead with monetary union, so that by the beginning of 1999 the euro - a single European currency managed by an authentically federal European Central Bank - was a reality. In doing so, they revealed their indestructible faith in the power of hierarchical structures even in an age of exponential network growth. | Niall Ferguson | ||
| e861da9 | valley of the clueless | Niall Ferguson | ||
| 9657f0e | Trump campaign's involvement with the alt-right brought anti-Semitism back | Niall Ferguson | ||
| 731eab4 | Facebook relayed the bogus story that Trump had been endorsed by the Pope. | Niall Ferguson |