By James Hohmann (original source The Washington Post)
“When historian Niall Ferguson moved from Harvard to Stanford two years ago, he was struck by Silicon Valley’s indifference to history. The hubris he saw reminded him of what he encountered on Wall Street as he researched a book about the history of banking during the years before the financial crisis. He became convinced the technology sector was careening toward its own crisis and decided to write about it.
The crisis has finally arrived, thanks to Cambridge Analytica, conveniently timed to coincide with the publication of Ferguson’s new book on the history of social networks, from the Freemasons to Facebook. “The Square and the Tower” is a cautionary tale that challenges the conventional wisdom that growing interconnectedness is inherently good for society. “Our networked world is fundamentally vulnerable, and two-factor authentication won’t save us,” Ferguson said at the Hoover Institution, where he is a senior fellow.”
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