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#1095 Thomas Baustad

Et behov er et svakt punkt. .

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#1100 Thomas Baustad

*Slik åpner Bernard Lewis book "Notes on a Century. Reflections of a Middle East Historian". Boken ble gitt ut da Lewis var 95 år gammel (født i 1916)... .

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#1101 Thomas Baustad

Some [Soviet] state enterprises were actually subtracting value from the raw materials they processed. Just as Hayek had warned, in the absence of meaningful prices, resources were misallocated; corrupt officials restricted output to maximize their own illicit gains; workers pretended to work and, in return, managers pretended to pay them. .

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#1102 Thomas Baustad

As we saw in the last chapter, Western civilization in its first incarnation – the Roman Empire – did not decline and fall sedately. It collapsed within a generation, tipped over the edge of chaos by barbarian invaders in the early fifth century. Comparably swift collapses have been a leitmotif of this book. In 1530 the Incas were the masters of all they surveyed from their lofty Andean cities. Within less than a decade, foreign invaders with horses, gunpowder and lethal diseases had smashed their empire to smithereens. The Ming dynasty’s rule in China also fell apart with extraordinary speed in the mid-seventeenth century. Again, the transition from equipoise to anarchy took little more than a decade. In much the same way, the Bourbon monarchy in France passed from triumph to terror with astonishing rapidity. French intervention on the side of the colonial rebels against British rule in North America in the 1770s seemed like a good idea at the time, but it served to push French finances into a critical state. The summoning of the Estates General in May 1789 unleashed a political chain reaction and a collapse of royal legitimacy so swift that within four years the King had been decapitated by guilotine, a device invented only in 1791. At the time of the Young Turk movement, which came to power in 1908, the Ottoman Empire still seemed capable of being reformed. By 1922, when the last Sultan of the Ottoman Empire departed Istanbul aboard a British warship, it was gone. Japan’s empire reached its maximum territorial extent in 1942, after Pearl Harbor. By 1945 it too was no more. .

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