"Political language . . . is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind." George Orwell

March 21, 2005

Sinking Globalization by Niall Ferguson

Could globalization collapse? It may seem unlikely today. Yet despite many warnings, people were shocked the last time globalization crumbled, with the onslaught of World War I. Like today, that period was marked by imperial overstretch, great-power rivalry, unstable alliances, rogue regimes, and terrorist organizations. And the world is no better prepared for calamity now.

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