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The tower versus the square

Niall Ferguson books- several books but bankers are about the tower

  • the financial system is the tower

  • the social networks are the square


2011 The Shock of the Global: The 1970s in Perspective

The Ascent of Money: A Financial History of the World

The House of Rothschild: Volume 1: Money's Prophets: 1798-1848

the West developed six "killer applications" that the Rest lacked: competition, science, democracy, medicine, consumerism and the work ethic.


Why Twitter, Facebook and Google are the antisocial networks

compare and make some conclusions

The basic principle of Russell Conjugation is that the human mind is constantly looking ahead well beyond what is true or false to ask “What is the social consequence of accepting the facts as they are?”
....the war for our minds and attention is now increasingly being waged over neither facts nor opinions but feelings.

The common knowledge about what markets are for is now “to give us the returns we need.”

... designed to ensure equity prices and credit spreads hold within certain acceptable
boundaries under the laughably thin veneer of “maintaining liquidity” by huge swaths of
market participants who are among those who “need the returns”.