Collaboration is risky. If it fails, if the occupation is wound up prematurely and the bad guys come back to power, you might find yourself in some serious trouble.
Niall FergusonI think the condition of imperial denial is a handicap because if you do not recognize that you are essentially performing the functions of an empire, you are incapable of learning from the mistakes of past empires.
Niall FergusonWhen bond prices fall, interest rates soar, with painful consequences for all borrowers.
Niall Ferguson