Niall Ferguson on Book 'Great Degeneration'

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Charlie Rose, June 19: Niall Ferguson, professor of history at Harvard University and a senior research fellow at Oxford University, on his new book "The Great Degeneration: How Institutions Decay and Economies Die." He discusses the decline of the West, the economic and political stagnation, and how rich countries can become poorer by allowing institutions to go to wreck and ruin.

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