The Great Degeneration: How Institutions Decay and Economies Die
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What causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutionsthe intricate frameworks within which a society can flourish or failare degenerating. With characteristic verve and historical insight, Ferguson analyzes the causes of this stagnation and its profound consequences for the future of the West. The Great Degeneration is an incisive indictment of an era of negligence and complacencyand to arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.
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