Tuesday, November 1, 2011

Niall Ferguson on how America can avoid collapse

From his Newsweek column.  Add his name to those you should read regarding the decline and fall, but don't call him a "declinist."  He's more of a "sudden collapse" kind of guy.

To avoid that fate here, Ferguson offers this software analogy,

"What we need to do is to delete the viruses that have crept into our system: the anticompetitive quasi monopolies that blight everything from banking to public education; the politically correct pseudosciences and soft subjects that deflect good students away from hard science; the lobbyists who subvert the rule of law for the sake of the special interests they represent—to say nothing of our crazily dysfunctional system of health care, our overleveraged personal finances, and our newfound unemployment ethic."

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