Thursday, March 27, 2014

Nial Ferguson's TED Talk

Niall Ferguson asserts the several factods leading to the success of the West in comparison to the rest of the world. The six major “apps” (factors) that led to this Western domination are scientific revolution, property rights, modern medicine, consumer society, and work ethic. I agree with Ferguson when he mentioned that the list of these 6 factors were unable to be condensed, since they all played a powerful role in the the West becoming powerful. I also agree with him in that it was not geography that lead to this domination, since geography has nothing to do with the ideas developed within a region. I also found it convincing that a reconvergence will occur once these non-western powers obtain the six killer apps to step back into the competition. This will be interesting since it may greatly affect our economy since materials from China are bought because labor there is cheap. Once Chinese laborers get to the point where they are paid just as much as American workers, our debt might become much more difficult to pay off.

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