Niall Ferguson goes on an epic tour of world finance and demonstrates that behind every great historical phenomenon - empires and republics wars and revolutions - there lies a financial secret.
Niall Ferguson travels through this vast country to ask how a fifth of humanity can live under a Communist system of government with what looks like a capitalist economy. He tracks down the people who can really explain the new China, from newly minted billionaires in China's megacities to survivors of the madness of Chairman Mao.Travelling the length and breadth of the Middle Kingdom, he reveals the enduring importance of Confucian philosophy and imperial bureaucracy in the way that China works. But he is startled by the persistence of the Mao cult, despite all the millions of lives lost in the Great Leap Forward and the Cultural Revolution.Finally, after a visit to China's African empire, he answers the questions that should concern all of us:Will this turn out to be the Chinese century?Should we be scared?Or will the Red Dragon crash and burn?
Historian Niall Ferguson asks how the Western Civilization came to dominate the rest of the world during the 15th century but now is the West about to be overtaken by the rest of the world?He reveals the key elements of the west's success in six application: competition; science; the property-owning democracy; modern medicine; the consumer society; and the Protestant work ethic.
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