The True Flag: Theodore Roosevelt, Mark Twain, and the Birth of American Empire | Homo Deus: A Brief History of Tomorrow | Makers and Takers | The Great Convergence | The Euro and the Battle of Ideas | Money Changes Everything | Originals | The Inevitable | The Wages of Destruction
These are the tantalizing questions addressed in this book. Using a variety of demographic, economic, financial, social, and political indicators, the book demonstrates that the global system has indeed become an 'architecture of collapse' subject to a variety of shocks. An analysis of the global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system components creates a situation of precarious stability and periodic disruption.
This state of affairs can only be improved by enhancing the shock-absorbing components of the system, especially the capacity of states and governments to act, and by containing the shock-diffusing mechanisms. In particular, those related to phenomena such as trade imbalances, portfolio investment, cross-border banking, population ageing, and income and wealth inequality.
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