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Economist Niall Ferguson: ‘Consider the possibility that the 2020s could actually be worse than the 1970s.’
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fnlondon.comHistorian Niall Ferguson warned that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
Speaking to CNBC at the Ambrosetti Forum in Italy on 2 September, Ferguson said the catalysts had already occurred to spark a repeat of the 1970s, a period characterised by an OPEC oil embargo, Middle East war and high inflation. Yet this time, the severity of recent shocks was likely to be greater and more sustained.
“The...
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