In his latest paper "Black Swans, Dragon Kings and Gray Rhinos", best-selling author and renowned historian Niall Ferguson explains what the First World War and the outbreak of covid-19 have in common. What socio-economic, political and geopolitical lessons can we draw as we face the consequences of the coronavirus?

About ECFR Quarantimes

We are all suffering from confirmation bias. Nationalists claim that the corona virus shows the superiority of the nation state; multilateralists claim the same for multilateralism; the end of globalization has also been proclaimed; for the left it is the end of capitalism; and for climate activists it confirms the need for more climate protections. ECFR Quarantimes enlists the brightest voices to help us think beyond the immediate response to the covid-19 crisis and overcome our pre-existing biases and beliefs to shape Europe's future role in the post corona world.

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The European Council on Foreign Relations does not take collective positions. This commentary, like all publications of the European Council on Foreign Relations, represents only the views of its authors.