© 2021 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

When Empires Fail: 3 Books That Predict The Crash

It begins with a political leader or a businessman who hits on a powerful new idea, one that puts him miles ahead of everyone else. It could be a new innovation, like the financial derivative, or a new way of doing business, like Microsoft selling software. It could be something destructive, like Hitler's blitzkrieg, which ran over France in two months. No matter the specifics, it leaves everyone else flat-footed and looking foolish.

Our man (it's usually a man) is now indestructible and untouchable. With nothing in his way, he is, for a while, an irresistible force.

Until he takes one step too far. You can usually see it coming. And then things start to collapse, often with profound or humiliating consequences. It's like a good disaster movie — the crash is the best part.

Copyright 2021 NPR. To see more, visit https://www.npr.org.