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Wednesday, September 2, 2009

TheMoneyIllusion � The best prediction of the past 20 years?

TheMoneyIllusion � The best prediction of the past 20 years?: "So the obvious choice for most successful prediction is Francis Fukuyama’s 1989 claim that “history was ending,” that the great ideological battle between democratic capitalism and other isms was essentially over, and that henceforth the world would become gradually more democratic, peaceful, and market-oriented.

So you would think that intellectuals would treat Fukuyama as a hero, that he would be figuratively hoisted on our shoulders and paraded around as the prophet of the new age. Just the reverse. I must have seen his name mentioned dozens of times in intellectual outlets like the New York Review of Books. And every single time, without exception, the reference has been derisive, mocking, a sort of rolling of the eyes in wonder than anyone could have believed anything so foolish. So what gives?"

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