Skip to content
Home » Transcript of Niall Ferguson: How Civilizations Collapse

Transcript of Niall Ferguson: How Civilizations Collapse

Read the full transcript of Scottish-American historian Niall Ferguson’s interview on TRIGGERnometry podcast titled “How Civilizations Collapse” premiered November 20, 2025.

Listen to the audio version here:

TRANSCRIPT:

On Cyclical Theories of History

[KONSTANTIN KISIN:] Niall, it’s such a pleasure to have you back on the show at a time when few things are a pleasure. I feel it’s been a difficult time these last few weeks. We’re recording this at Ark. There are people who say that we are in the last days of Western civilization. There are people like Ray Dalio who talk about how there are six stages of the collapse of empire. We’re in five and a half or whatever. As a historian, what do you make of this and everything that has been happening recently?

[NIALL FERGUSON:] Well, I agree that it’s not a particularly cheerful moment in world history. But in my most recent book, “Doom, the Politics of Catastrophe,” I tried to argue that cyclical theories of history should be regarded with a great deal of skepticism because history isn’t cyclical. We would love it to be because, of course, that would make it so much easier to understand and indeed to predict.

We would like it to be cyclical because we as individuals have a life cycle. But history doesn’t have a life cycle. Empires, civilizations, great powers, they don’t. And it’s obvious when you actually look at them seriously rather than massaging the data to find a cycle.

If you look at historical, long-run historical data, the characteristic feature is a lot of randomness. And that is because disasters, upheavals are not normally distributed. They’re actually often either completely random, like the incidence of major wars, or they are parallel driven, pandemics, earthquakes, that kind of thing. So I’m a big skeptic about cyclical theories of history.

Empires rise and fall.