Source: Twitter X

PRESENT PARADOX OF WEALTH
Increases in a society’s wealth are different from a society’s growth. Wealth tends to float all boats, but in all cases in history wealth that generates demand for people beyond their capacity to bear competent and moral responsibility for their duties results in collapse whether in private sector, public, or both. It just so happens that markets correct the private sector while they don’t affect the public – instead the public doubles down not only reversing growth and wealth but creating decline.
Europeans could have continued their tradition of capitalizing wealth in the commons instead of expanding consumption in an unvirtuous cycle. Every civilization failed the evolutionary test. Americans just failed it least badly.
We are in the process of correction – if we can keep it going long enough to purge the state, repatriate industry, abandon luxury political and geostrategic positions and try to adapt to the coming crushing of the white collar work force whose privilege in teh age of technology has likely run its course.