Ferguson asks why North America succeeded while Latin America for so many centuries lagged behind. The two had much in common (not least the subjugation of indigenous peoples and the use of slavery by European immigrants), but they differed profoundly on individual property rights, the rule of law and representative government. There were two revolutions against royal rule between 1776 and 1820, yet Simón Bolívar was never able to be George Washington, and Latin America remained politically fragmented, socially divided and economically backward even as the United States rose to global primacy. However, Niall Ferguson asks whether North and South are converging today, linguistically and economically.

• Niall Ferguson

• Niall Ferguson