Sunday, June 15, 2014

Ferguson on Networks and Heirarchies


From the article:

Has political hierarchy in the form of the state met its match in today’s networked world?

and

Economically, the two systems are certainly converging, with China looking ever more to market signals and incentives, while the United States keeps increasing the statutory and regulatory power of government over producers and consumers.

Source:  Niall Ferguson, "Networks and Hierarchies," The American Interest, June 9, 2014

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