Excellent post. Very perceptive. Gave it a rec.
To clarify. In no way meant to assert, OR imply, that wealth concentration is the primary cause of societal collapse. That's certainly not the case. The long list of historical examples covered in the excellent historical studies I referenced in my 2009 book list always, ALWAYS, chronicle multiple causation.
However, two points why it is ONE of the many drivers of this rapid societal decline and eventual collapse.
1. With the reign of "The Politics of Envy", the extreme wealth disparity that has developed in the past 10-15 yrs is being exploited, very effectively, by the socialists to drum up support for destructive, anti-business, policies that significantly contribute to the very very slo growth here and in Europe and make recessions much worse when they do occur.
2. Extremes in wealth disparity have consistently correlated with peaks in economic and market actively which immediately precede severe recessions, depressions, and increased civil unrest.
The last time America's wealth disparity was this great was at the end of the 1920s.
Once again, it is just one of a fairly consistent clustering of factors historians have shown repeat over and over in the dozens of historical collapses they've researched. A few other very important ones that come, immediately, to mind are:
1. Decline in moral standards. 2. Debasement of the currency. 3. Lack of leadership. 4. Military defeats. 5. Food shortages.
Cheers,
Isopatch |
