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Niall Ferguson's Ted Talk

Decent Essays

Ted Talk Response Paper Niall Ferguson begins his “Ted Talk” by discussing the “billions” of the future and the past. He mentions that 106 billion people have lived on this planet and that most of them are no longer living. Most of those 106 billion people live and have lived in Asia and are on average, very poor. Today, there is 195,000 billion dollars of wealth in the world and most of it was made after the year 1800. He goes on to say that the West is 19% of the world’s population today and that Westerners own 2/3 of the world’s wealth. This is what is referred to as “The Great Divergence.” The “Great Divergence” is two ratios of per capita GPD. There is an exponential “Great Divergence” that Ferguson illustrated with a graph that had …show more content…

This included major breakthroughs against infectious diseases, as well as surgery and sewage treatment. Life expectancy began to rise and was doubled and then more than doubled. Number five is a consumer society. A consumer society is needed in order for economic growth in a country. A country needs people to want to buy tons and tons of clothes. One example of the opposite of a consumer society is when Gandhi made poverty permanent and people did not buy a lot of clothes. This resulted in no economic growth. Japan was the first non-Western society to embrace the consumer society. Lastly, number six is work ethic. America used to have a strong work ethic because it had institutions that created incentives to work. The west has since lost its great work ethic and now, the average Korean works a thousand hours more than the average German each year. Ferguson states, “The Great Divergence is over.” The iPhone was designed in California, but Japan, Korea, and China actually built it. Because of this, they are leading in the realm of technological innovations. It is possible for any country to accumulate a good work ethic among their …show more content…

The decline of Western civilization is not inevitable but it could collapse very suddenly because it operates on the edge of chaos. America has a ton of debt and has lost most of its strong work ethic, so the great divergence has been closed. Ferguson says that geography is not responsible for prosperity. He explains that laws and rules that are based on reason are the real reason that prosperity occurs. There were two natural experiences in the 20th century. got all the Germans and divided them in two. Gave the East part of Germany and gave them communism and they produced one of the world’s worst ever car, the Trabants, and the West (did not have Communism) produced the Mercedes Benz. This resulted in a divergence not resulted from geography or culture. It is the ideas and the

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