Guns, Germs, and Steel

A 3-episode documentary by National Geographic based on Jared Diamond's extensive book Guns, Germs, and Steel.

Explore the inequalities of humankind and discover why Europeans have had an advantage during the age of conquest.



Jared Diamond's journey of discovery began on the island of Papua New Guinea. There, in 1974, a local named Yali asked Diamond a deceptively simple question:

"Why is it that you white people developed so much cargo, but we black people had little cargo of our own?"

Diamond realized that Yali's question penetrated the heart of a great mystery of human history -- the roots of global inequality.

Why were Europeans the ones with all the cargo? Why had they taken over so much of the world, instead of the native people of New Guinea? How did Europeans end up with what Diamond terms the agents of conquest: guns, germs and steel? It was these agents of conquest that allowed 168 Spanish conquistadors to defeat an Imperial Inca army of 80,000 in 1532, and set a pattern of European conquest which would continue right up to the present day.

Diamond knew that the answer had little to do with ingenuity or individual skill. From his own experience in the jungles of New Guinea, he had observed that native hunter-gatherers were just as intelligent as people of European descent -- and far more resourceful. Their lives were tough, and it seemed a terrible paradox of history that these extraordinary people should be the conquered, and not the conquerors.

To examine the reasons for European success, Jared realized he had to peel back the layers of history and begin his search at a time of equality -- a time when all the peoples of the world lived in exactly the same way.

Head of IMF Proposes New Reserve Currency - ABC News

Head of IMF Proposes New Reserve Currency - ABC News

February 26, 2010

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.

"That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization.

Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.

He said having other alternatives to the dollar "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country."

Strauss-Kahn, a former finance minister of France, said that during the recent global financial crisis, the dollar "played its role as a safe haven" asset, and the current international monetary system demonstrated resilience.

"The challenge ahead is to find ways to limit the tension arising from the high demand for precautionary reserves on the one hand and the narrow supply of reserves on the other," he said.

Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF's internal accounting unit.

Strauss-Kahn said the IMF also needs to do a better job of tracing how risk percolates through the global economy.

"Here it will be essential to improve our ability to monitor several dozen large complex financial institutions that make up the `plumbing' through which global capital flows," he said, while leaving national regulators the job of monitoring the solvency of individual institutions.