the dutch republic was the first bourgeois state in europe. well, the dutch republic. the correct answer to this question is no anyway and question 12 made me want to turn back. and what strength set off on there are leaks washed-ka ugaty tale time. who can somehow substantiate his answer alexa you are absolutely right. this is the correct answer to the question, this is where the error was. well, 12 questions, one first round . ksenia came to an end. please tell me if the first round seemed difficult at all, in principle, well, a little difficult a little no. the questions were versatile, it was very interesting and i hope that i will go further. i want to ask you if you had enough time to think over the answers, did you know everything at all somehow first. well, yes, i had enough time, mostly answering questions was enough, great in front of the tv and in front of the monitor and here in the studio in front of the camera. well, of course, let it be. i, of course, indicated that i was the patron of the stage. but this time, somehow it turned out to give a little. thi

the dutch republic was the first bourgeois state in europe. well, the dutch republic.his question is in any case no and the twelfth question. i so wanted to turn back. and that the strength to go to the leaks is washed goddamn time. who can somehow substantiate his answer alexa you are absolutely right. this is the correct answer to the question , this is where the error was. well, 12 questions, one first round. ksenia came to an end . please tell me if the first round seemed difficult at all, in principle, well, a little difficult a little no. it was very interesting and i hope that i will go further. i want to ask you if you had enough time to think about the answers, did you know everything, in general, how i also had enough time to get the impression of nature, mostly they answer answer questions at home in front of the tv and monitor and here in the studio in front of the camera of course, let them. i, of course, indicated that i was the patron of the stage. but this time, somehow it turned out to give a little. this is fine. i think it is. it is common to all peo

that was seen that was mooted in the 17th century when people looked at, for instance, the dutch dutch republic. and they saw that dutch had the rule of law. they had developed capital markets and they and they had large savings and they they had the lowest interest rates. europe. so that was the that was when the idea first came about, i think in recent years as i've been arguing and arguing the book mentioned just now is that the interest rates we see are not really the interest rates properly reflected of of our civilized nation or what the what the austrian economists would call our time preference. they are artificial low interest rates. there a there is another point i mentioned book is that civilizations also go through this sort of u-shaped period of interest where when a civilization establish itself, it has high rates and then they fall during course of civilization. then when the civilization comes to an end, they start rising. so i do i do think one can become overly complacent about the very low interest rates one had in recent years. yes, the mainstream financial press pretty much

after they left england, they went to the dutch republic but discovered that their children were beingexposed to other religions so they left for america. >> we are going to leave it there. thank you so much. professor fukuyama. >> i had a visiting professorship at a danish university, so i felt i knew denmark better. i have been to the netherlands a lot. i could have picked getting to the netherlands, but denmark it was because i knew that country personally. >> i want to finish with this quote from your book, "identity, the demand for dignity and the politics of resentment." the global surge toward democracy that began in the 1970's, what samuel huntington labeled as the third wave of democratization, has gone into a global recession. our present world has -- is simultaneously moving toward opposing dystopias of hyper centralization and endless fragmentation. different parts of the world are seeing the breakdown of centralized institutions, the emergence of failed states, polarization and a growing lack of consensus over common ends. social media and the internet have facilitated the

i'm going to suggest the dutch republic was founded in 1581.cluded seven independent providences it is part of their constitution. they are the first country that had religious freedom. this was a problem for the pilgrims after they left england dutch republic but discover their children will be exposed to other religions so he left for america. it went alright jan edwards are going to leave it there thank you veryso much. professor fukuyama? >> guest: i had a visiting professorship at a danish university so i felt i knew denmark better. i've been to the netherlands a lot getting to the netherlands but denmark it was. i knew that country personally perks him to finish with this quote from your book identity the demand for dignity and the politics of resentment the global surge toward democracy that began in the 1970s. the third wave of democratization has gone into a globalsi recession. our present world is moving toward the dystopias of hyper centralization and endless mefragmentation. different parts of the world to sing the breakdown of inst

after they left england, they went to the dutch republic but discovered that their children were beingexposed to other religions so they left for america. >> we are going to leave it there. thank you so much. professor fukuyama. >> i had a visiting professorship at a danish university, so i felt i knew denmark better. i have been to the netherlands a lot. i could have picked getting to the netherlands, but denmark it was because i knew that country personally. >> i want to finish with this quote from your book, "identity, the demand for dignity and the politics of resentment." the global surge toward democracy that began in the 1970's, what samuel huntington labeled as the third wave of democratization, has gone into a global recession. our present world has -- is simultaneously moving toward opposing dystopias of hyper centralization and endless fragmentation. different parts of the world are seeing the breakdown of centralized institutions, the emergence of failed states, polarization and a growing lack of consensus over common ends. social media and the internet have facilitated the

i'm going to suggest a dutch republic, which was founded in 1581 included seven independent provincesand as part of their constitution they are the first country that had religious freedom. this was a problem for the pilgrims and that's after they left england went to the dutch republic, but discovered that their children were being exposed to other religions. so they left for america. >> all right. we are going to leave it there. thank you so much. professor fukuyama. >> well, you know, i had a visiting professorship at a danish university so i felt i knew denmark better. i've been to the netherlands a lot and i could have picked getting to the nether lands, but denmark it was because i knew it personally. >> i want to finish with this quote from your book, identity, the deened ma -- demand for identity and the global surge that began in the 1970's, what samuel huntington labeled the third wave of democratization has gone into a global recession. our present world is simultaneously moving toward the opposing dystopias of hyper centralization and endless frag mentation. different part

i will suggest a dutch republic which was founded in 1581.en independent provinces and as part of their constitution they are the first country that had religious freedom. this was a problem for the pilgrims andnd that was after ty left england. they discovered their children were being exposed to other religions. >> we will leave it there. thank you so much. professor. >> well, i had a visiting professorship at a danish university. knowing denmark better. i've been to the netherlands a lot. getting to the netherlands but denmark it was because i knew that country personally appeared >> i want to finish with this quote the identity for dignity and the politics of resentment. the global search towards democracy that began in the 1970 s. what was labeled the third wave of democratization has gone into a global recession. our present world is simultaneously moving towards the opposing of hyper centralization and endless fragmentation. different parts of the world are seeing the breakdown of centralized institutions, the emergence of's failed sta