Protestantism made the West not only work, but also save and read. The Industrial Revolution was indeed a product of technological innovation and con… - Niall Ferguson

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Protestantism made the West not only work, but also save and read. The Industrial Revolution was indeed a product of technological innovation and consumption. But it also required an increase in the intensity and duration of work, combined with the accumulation of capital through saving and investment. Above all, it depended on the accumulation of human capital. The literacy that Protestantism promoted was vital to all of this. On reflection, we would do better to talk about the Protestant word ethic.

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About Niall Ferguson

Niall Campbell Douglas Ferguson (born 18 April 1964) is a British historian. He is the Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Research Fellow of Jesus College, University of Oxford and a Senior Fellow of the Hoover Institution, Stanford University.

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Native Name: Niall Campbell Ferguson

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Like the Roman Empire in the early fifth century, Europe has allowed its defenses to crumble. As its wealth has grown, so its military prowess has shrunk, along with its self-belief. It has grown decadent in its shopping malls and sports stadiums. At the same time, it has opened its gates to outsiders who have coveted its wealth without renouncing their ancestral faith.

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Traditional accounts of ‘decolonization’ tend to give the credit (or the blame) to the nationalist movements within the colonies, from Sinn Fein in Ireland to Congress in India. The end of Empire is portrayed as a victory for ‘freedom fighters’, who took up arms from Dublin to Delhi to rid their peoples of the yoke of colonial rule. This is misleading. Throughout the twentieth century, the principal threats – and the most plausible alternatives – to British rule were not national independence movements, but other empires.
These alternative empires were significantly harsher in their treatment of subject peoples than Britain.

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