Revolutionary Reflections: Harnessing Historical Wisdom

As I described in my recent post, Fareed Zakaria’s recent book, “Age of Revolution,” provides an examination of the forces that shaped our modern world. From the revolutions of the past, Zakaria articulates the seismic shifts that have redefined global dynamics, influenced political landscapes, and reshaped societal structures. In a world that looks eerily like prior periods of revolution, there is much we can learn by analyzing history. However, analysis is meaningless if we do not learn from the past, and historically, we have failed to do so. It was Henry Kissinger that once said: “it is not often that nations learn from the past, even rarer that they draw the correct conclusions from it.” Analyzing periods that look like our current day is the first step, but it’s the application of these lessons to our current context that enables constructive pathways.

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Exploring Possible Economic Futures

In the interest of exploring possible economic futures, I have read books on Modern Monetary Theory, Zero Marginal Cost, The Job Guarantee, and several others. Add to the list the most recent book I finished, How Capitalism Ends. Viewed through the lens of property rights, wealth, and the transition from Feudalism to Capitalism, author Steve Paxton uses an effective method of storytelling: start with history and then explore possible futures. The book is setup by two thesis: the development and the primacy thesis. What he describes helps us understand the “why” behind the future that is emerging.

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