I've written about this specific topic before in this thread, (by me, /u/superplaner to appease the automoderator god). The thread contains a brief overview of both models and the problems asociated with each. Anyway, the TL;DR is this;

Sure, you could look at history from that perspective, history is a in a sense a matter of perspective, but both models are, in my opinion, of very limited usefulness as each creates more problems than it solves.