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Into the Impossible With Brian Keating

Niall Ferguson: DOOM! (#273)

Into the Impossible With Brian Keating

Brian Keating

Science, Physics, Natural Sciences

4.71.1K Ratings

🗓️ 20 November 2022

⏱️ 77 minutes

🧾️ Download transcript

Summary

Niall Ferguson’s most recent book is Doom: The Politics of Catastrophe. In this book he posits that disasters are inherently hard to predict. Pandemics, like earthquakes, wildfires, and financial crises. and wars, are not normally distributed; there is no cycle of history to help us anticipate the next catastrophe. But when disaster strikes, we ought to be better prepared than the Romans were when Vesuvius erupted, or medieval Italians when the Black Death struck. Yet in 2020 the responses of many developed countries, including the United States, to a new virus from China were badly bungled. Why? While populist leaders certainly performed poorly in the face of the COVID-19 pandemic, Professor Ferguson argues that more profound pathologies were at work. Drawing from multiple disciplines, including economics, cliodynamics, and network science, Doom offers not just a history but a general theory of disasters, showing why our ever more bureaucratic and complex systems are getting worse at handling them. Niall Ferguson, MA, D.Phil., is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard, where he served for twelve years as the Laurence A. Tisch Professor of History. He is the author of sixteen books. In 2003, Ferguson wrote and presented a six-part history of the British Empire for Channel 4, the UK broadcaster. The accompanying book, Empire: The Rise and Demise of the British World Order and the Lessons for Global Power, was a bestseller in both Britain and the United States. The sequel, Colossus: The Rise and Fall of the American Empire, was published in 2004 by Penguin, and prompted Time magazine to name him one of the 100 most influential people in the world. The international bestseller, The Ascent of Money: A Financial History of the World, published in 2008 was adapted into a PBS series, winning the International Emmy award for Best Documentary, as well as the Handelszeitung Economics Book Prize. In 2011 he published Civilization: The West and the Rest, also a Channel 4/PBS documentary series. A year later came the three-part television series “China: Triumph and Turmoil.” The book based on his 2012 BBC Reith lectures, The Great Degeneration: How Institutions Decay and Economies Die, was a New York Times bestseller within a week of its publication. Ferguson has been a contributing editor for Bloomberg Television and a columnist for Newsweek. He began writing a twice-a-month column for Bloomberg Opinion in June 2020. www.niallferguson.com twitter.com/nfergus Connect with me: 🏄‍♂️ Twitter: https://twitter.com/DrBrianKeating 📸 Instagram: https://instagram.com/DrBrianKeating 🔔 Subscribe https://www.youtube.com/DrBrianKeating?sub_confirmation=1 📝 Join my mailing list; just click here http://briankeating.com/list ✍️ Detailed Blog posts here: https://briankeating.com/blog.php 🎙️ Listen on audio-only platforms: https://briankeating.com/podcast Subscribe to the Jordan Harbinger Show for amazing content from Apple’s best podcast of 2018! Can you do me a favor? Please leave a rating and review of my Podcast: 🎧 On Apple devices, click here, https://apple.co/39UaHlB scroll down to the ratings and leave a 5 star rating and review The INTO THE IMPOSSIBLE Podcast. 🎙️On Spotify it’s here: https://open.spotify.com/show/2G3PRMUhxGQkyQzLiiCqlf?si=8656119458df4555 🎧 On Audible it’s here : https://www.audible.com/pd/Into-the-Impossible-With-Brian-Keating-Podcast/B08K56PXJX?action_code=ASSGB149080119000H&share_location=pdp&shareTest=TestShar Other ways to rate here: https://briankeating.com/podcast- Support the podcast on Patreon https://www.patreon.com/drbriankeating or become a Member on YouTube- https://www.youtube.com/channel/UCmXH_moPhfkqCk6S3b9RWuw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

One reason I wanted to call it the politics of catastrophe is that there is a, I think, a

0:09.6

forced dichotomy between natural and man-made disasters that people have in their heads and so

0:15.8

they think of a pandemic as a natural disaster but a war as a man-made disaster. And the book argues, taking its cue from Amatche-Sends

0:27.6

work on famines, that that dichotomy is a false one

0:31.8

and that disastrous events, while they may have natural points of origin, are only as disastrous as we make them.

0:42.0

Welcome everyone to another exciting episode of the Into the

0:46.3

Impossible Podcast with your fearful host I used to call myself that during this time

0:50.8

of former time of pandemic podcasting,

0:54.3

although today we're talking about the pandemic,

0:56.4

at least for part of the interview with Neil Ferguson,

0:58.8

a distinguished scholar at the Hoover Institution,

1:01.4

a senior fellow, former professor, Chair Professor at Harvard University,

1:06.3

and Neil and I got into a great deal of fun in this episode talking about existential risk,

1:11.8

talking about pandemics, plagues, space shuttle disasters, titanic sinking,

1:17.6

the human mind enumeracy, and even some controversial things like his involvement with a new university called

1:24.8

the University of Austin, Texas, which he is one of the founding faculty members

1:29.4

thereof. We talked about his book primarily called Doom, although we also talked about his former project called The Assent of Money, which is a phenomenal discussion of the role of financial instruments throughout human history as a financial

1:44.3

economist and how he would update it in the Bitcoin era we actually got into

1:48.4

bitcoins and aliens the only thing we didn't cover is a simulation hypothesis

1:51.6

that would be two on the nose. But we talked

1:53.7

about other types of disasters and I do think his blend of erudition of scholarship is a welcome

2:00.9

compliment to the scientist that I normally speak to he's not a scientist

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