All Empires Have Depended On Local Legitimacy And Local Collaboration; They Are Not Based Primarily On Coercion. An Imperial Rule That Relies Wholly On Coercion Can't Endure. It's Too Expensive.

-Niall Ferguson

Please Wait....
Translating....

All Empires Have Depended On Local Legitimacy

Niall Ferguson

All Empires Have Depended On Local Legitimacy And Local Collaboration; They Are Not Based Primarily On Coercion. An Imperial Rule That Relies Wholly On Coercion Can't Endure. It's Too Expensive.

Topic

Collaboration

Coercion

Empires

More From Niall Ferguson

If The Financial System Has A Defect, It Is That It Reflects And Magnifies What We Human Beings Are Like. Money Amplifies Our Tendency To Overreact, To Swing From Exuberance When Things Are Going Well To Deep Depression When They Go Wrong. Booms And Busts Are Products, At Root, Of Our Emotional Volatility.

Emotional

Swings

Roots