American Experience
The Center of the World: Interview Outtakes

Niall Ferguson:
video | transcript

Globalization's Political Dimension 1 -- The American Experience of Globalization2 -- Globalization's Political Dimension3 -- 9/11 as a Turning Point4 -- Why Others Hate America5 -- New York as an Imperial City

Mike Wallace Pete Hamill Carol Willis Guy Tozzoli
Leslie Robertson Camilo José Vergara Niall Ferguson Philippe Petit
William Langewiesche Ed Koch Mario Cuomo Ada Louise Huxtable

Feature Feedback
Tell us what you think about "Interview Outtakes"


The United States is the economy that seems to inhale more than it exhales. It inhales capital. It inhales people. The huge increase in flows of capital into the United States and the huge increase of flows of people into the United States, which characterized the 1980s and 1990s, undoubtedly created a kind of asymmetry. This deficit both in terms of capital and in terms of migration told us something very important. And it gave rise, I think, to the idea that it was possible to be the principal beneficiary of globalization. And the beneficiaries, including those who were first-generation migrants to the U.S., got a wonderful deal, where provided they signed on to -- and signed up for -- the American dream, they, so to speak, left behind prior cultural claims. That, I think, was the idea.

And so although economically the United States was completely integrated into the world economy, politically it was becoming more and more detached from it; that the myths which go right back to the very foundation of the United States, about the special Providence that exempts the U.S. from the rest of the world's nasty political conflicts, I mean, this proves incredibly tenacious, and people are still clinging to this in the 1990s, when it's absolutely clear that the U.S. had never been more connected to the rest of the world. It couldn't just be economic globalization. Inevitably, globalization would have a political dimension. And that is what 9/11 was about.