this post was submitted on 19 Sep 2024
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[–] infuziSporg@hexbear.net 5 points 3 months ago* (last edited 3 months ago)

Niall Ferguson wrote a good book about money in modern (post-Reformation) history. He sets out to prove that financialization is the foundation of human progress, gets caught in currents that seem to prove something quite the opposite, and then ends by restating the hypothesis with none of the rest of the book backing it up.