Tag: Western work ethic consumer culture; Industrial Revolution
The Decline of U.S. Financial Dominance
We believe in having a long term perspective on WEALTHTRACK and helping our viewers and ourselves build financial security to last a lifetime. But sometimes it is necessary to step back even further and think beyond a lifetime, in terms of centuries, to really grasp the era we are living in. That is what we are doing this week as we revisit a timeless interview from last year with British historian Niall Ferguson. According to Ferguson, we are living through one of those seismic epochal shifts that require rethinking the old rules, including our investment ones.Read MoreFerguson is one of those rare individuals who has the intellectual and educational fire power to tackle such a broad sweep of history. And as you will see in a moment, he also has the gift of gab to bring it alive. A professor of history at Harvard, Senior Research Fellow at Oxford and a Senior Fellow at the Hoover Institution at Stanford University, Ferguson is the author of numerous articles and columns, a recent one became the cover story of Newsweek. He has also authored several books, including The Ascent Of Money and more recently Civilization: Civilization: The West and the Rest
. Both were turned into PBS specials.
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WEALTHTRACK Transcript #910- 8/31/12 CONSUELO MACK: This week on WEALTHTRACK, renowned financial historian Niall Ferguson examines the fault lines of 500 years of Western dominance to see where it is failing and where it needs shoring up. Professor, columnist and best-selling author Niall Ferguson on the earthshaking shift of economic power from west to east is next on Consuelo Mack WEALTHTRACK. Hello and welcome to this Labor Day edition of WEALTHTRACK. I’m Consuelo Mack. We believe in having a long term perspective on WEALTHTRACK and helping our viewers and ourselves build financial security to last a lifetime. But sometimes it