Niall Ferguson: I’m constantly struck by the levels of historical ignorance that I encounter. In rooms full of very well-paid financial professionals, nobody appears to have read any of the major works of financial history of the last 30 or 40 years.
For every one Western 17-year-old boy there are about 28 Chinese boys the same age working twice as hard to get the lifestyle that our one Western kid assumes will be his.
Businesses are reaching the limits of what they can squeeze out of a downsized workforce.
Complexity theory is about adaptive systems that teeter on the edge of chaos.
Niall Ferguson: going on a world tour and seeing which systems do the best job seems like a pretty good starting place to me.